Since the market implosion of 2008, several regulations have been passed - some good, some not so good. You see when the referee says changes are necessary to safeguard financial stability, you're bound.
For the world of derivatives, the suggestion to force banks to centrally clear their over-the-counter (OTC) derivatives, didn’t matter whether the requirements placed the players at a disadvantage, it had to be done. But some OTC solutions are really beneficial. We shouldn’t have to cut off the industry’s nose just to spite its face.
