McKinsey: U.S. swaps reform to cut rate revenue

06/25/2014 | Bloomberg · Reuters · Financial Times (tiered subscription model)

U.S. swaps-market reform will trim as much as $4.5 billion from $13 billion in revenue generated last year by global interest-rate markets, McKinsey says. "A broad-based cost offensive is required by dealers," said Roger Rudisuli, co-author of a McKinsey report.

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