Dealers seek clearing exemption for new TriOptima service
TriOptima’s new risk mitigation system, triBalance, is a big hit among dealers – but it faces a regulatory death sentence
Dealers are hoping to save a new service from Stockholm-based infrastructure firm, TriOptima, which promises huge reductions in counterparty risk – and collateral demand – but only if granted an exemption from incoming rules that require central clearing for all standardised over-the-counter derivatives.
Dealers say the benefits of the service, triBalance, are so great that regulators would be "crazy" and "narrow-minded" not to create some kind of safe harbour – but while supervisors are said to
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