Global Custodian Clearing and Settlement Issue 2018 | Page 23

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Regulation and collateral costs have made the cleared derivatives
market much more attractive for the buy-side, but what else will it
take for them to voluntarily take part? Writes Joe Parsons.
he seismic shift in the derivatives
market post-financial crisis has
seen not only a change in the way
the products are traded and cleared,
but also in the nature of relationships
throughout the process.
The clearing of interest rate swaps was
not completely alien to the buy-side prior
to the financial crisis, howev