The Bumpy Road to Brexit
by Lynn Strongin Dodds: DerivSource
July 29, 2016

Amol Dhargalkar, managing director at Chatham Financial, would also not be surprised to see some modifications particularly when it comes to changing to a one-sided from two sided reporting obligation. This would switch the focus to reporting compliance from trade matching which is more aligned to Dodd Frank.
Looking ahead, Dhargalkar believes that companies will look to re-evaluate their hedges and exposures in the UK. “Some of the questions that will be asked will be around the upfront and compliance costs involved. While the smaller companies may not have much choice around where and who they trade with, but the larger companies will be able to look at other jurisdictions.”
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