Two realities about new electronic swaps execution were painfully clear even before made available to trade (MAT) mandates officially went live for certain contracts earlier this year.
First, whatever regulators' intentions for swap execution facilities (SEFs), they would prove no panacea—and that has shown true as trading volumes have tapered.
This is, in part, because firms are still adjusting to the new paradigm, including higher mandatory margin and clearing costs, and market conditions. But
Should regulators take a more active role when it comes to AI oversight, or leave it to the professionals? What will M&A look like in 2018?Subscribe to Weekly Wrap emails