Derivatives Rules Will Boost Global Economy: Report

Law360, New York (August 26, 2013, 4:10 PM EDT) -- The benefits of preventing a future financial meltdown through new rules governing trade in the approximately $700 trillion over-the-counter derivatives market should prove larger than the costs to financial institutions and their customers, a Monday report from global regulators said.

The report, from a group of central bankers and regulators established by the Bank for International Settlements, found that the new rules requiring increased capital, collateral and other safety and soundness measures would prove to be a net increase to global economic output simply by lowering...
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