Regulations such as Dodd-Frank aim to increase transparency and market efficiency in over-the-counter OTC derivatives trading, but a recent poll suggests the market may be ill prepared for the change.
SimCorp, a provider of investment management solutions and services for the global financial services industry, conducted a poll of nearly 60 executives from 34 capital market firms from around the world and asked respondents whether or not their firms are ready to centrally clear interest rate swaps and credit default swaps. While 41% answered yes, a 53% majority answered no.
“The fact that most investment management firms are not prepared for central clearing is not surprising,”...
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