Loosening dealer balance sheet constraints may improve liquidity, but rolling back other elements of the Dodd-Frank Act could be detrimental to financial markets, industry participants have warned.
"Balance sheet constraints are important to us because they are reflected in pricing, but I think it's more important though to look at what will not be rolled back," said Michael O'Brien, director of global trading at investment firm Eaton Vance.
"Electronic trading is not going away, and neither is
The week on Risk.net, October 6-12, 2017Receive this by email
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