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Wednesday, April 27, 2011

The Costs of Regulating Derivatives

Stephen Lubben of Credit Slips:

The Costs of Regulating Derivatives, by Stephen Lubben: So the outgoing chair of ISDA complains that banks will have to pass on the costs of Dodd-Frank to end users of derivatives. Undoubtedly the usual crowd -- primarily the WSJ op-ed page -- will run with this evidence of yet another hit to American competativenes coming out of Dodd-Frank.
But maybe we could stop and consider if this simply means that users of derivates will now incur the true costs of their trades, and will no longer be subsidized by the Treasury.

    Posted by on Wednesday, April 27, 2011 at 12:24 AM in Economics, Financial System, Regulation | Permalink  Comments (0)


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