Race to clear OTC derivatives presents capacity challenges

09/10/2012 | Risk.net

As regulators implement mandatory clearing of over-the-counter derivatives, banks that offer such clearing services say they have limited capacity. "It's like setting fire to a cafe full of elephants. There's very little time, they're not exactly nimble and they all need to get through the same door at once," said Nicole Grootveld, chief operating officer at risk-management and advisory firm Cardano.

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