New rules will rein in alternative sources of credit, study shows

Allen & Overy has released a study that shows that new regulations in Europe, the US and elsewhere will curtail the ability of asset managers, insurers and investment funds to provide alternative sources of credit. The research found that new rules governing the derivatives markets, hedge funds, banks and other areas of the financial industry will combine to increase the cost of credit. ÔÇťAllen & Overy believes it will take years to clarify exactly what the growing number of regulations mean, creating confusion and uncertainty in the market and bringing with it a prolonged period of credit paralysis," according to the study.

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