Examining High Concentration Among Derivatives Intermediaries
Reynolds Holding
MAY 15, 2024
Swap dealers are critical intermediaries for the OTC market, filling in for exchanges and, with respect to uncleared swaps, clearinghouses. Many swap dealers are affiliates of large banks and thus subject to the myriad prudential regulations imposed on bank holding-company affiliates. 573 (2016). Commodity Mkts.
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