- financial institutions
- private equity
- real estate
“Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, said that among the several aims of the new swap regulations was the intent to create incentives to clear swaps in order to reduce systemic risk in the derivatives market. He prefaced his comments about the drop in cleared swap volume by noting he would expect regulators to be more concerned if uncleared swap volume had increased more sharply. Nevertheless, he said, the decline in cleared swaps does likely raise questions for regulators." Read Complete Article
Warren's reaction provokes consternation among those on the other side of the debate. "Our little end-user fix was about as benign as you can imagine," says Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, a Pennsylvania-based advisory firm that lobbied for the end-user margin provision. "It was about Main Street companies hedging and reducing risk, and it was a legislative clarification that was documented to be fully consistent with congressional intent. And even that generated an opportunity for Elizabeth Warren to rail against Wall Street." Warren's office did not respond to a request...