Swap Rules of Limited Reach
Five years after financial products known as derivatives accelerated the global credit crisis, banks and other firms that deal in them are coming under new U.S. rules aimed at preventing another meltdown. After pushback by the banking industry and its allies, the full force of the rules may apply to less than 20 percent of the global $633 trillion market¹, based on a review of best available data from clearinghouses, other information repositories and government filings. Full force means trades falling under all three of the main new rules.
Published Sept. 4, 2013
Source: Bloomberg reporting
GRAPHIC: DAVID INGOLD / BLOOMBERG VISUAL DATA