Nord LB Builds Clearing Business From Dodd-Frank Compliance
Norddeutsche Landesbank (Nord LB) believes it can turn a regulatory obligation into a commercial opportunity by using the interfaces to clearing facilities it has created to provide clearing services to other financial institutions, according to an executive at the regional German bank who spoke at this week's Frankfurt Financial Information Summit.
To comply with the US Dodd-Frank Act, Nord LB—which is based in northern Germany but has a branch in New York—has created an interface to Barclays
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