Broker-dealers count the cost of compliance (Financial News)

Additional coverage of the spending that must happen for major OTC derivatives dealer to be prepared for coming OTC derivatives regulations.

Kevin McPartland, senior analyst with US consultancy Tabb Group, said: “Not only must new business strategies be created, but an entire infrastructure must be revamped as the rules of the game are changing completely. It is as if halfway through your education, the university decided all classes would be taught in Mandarin rather than English.”

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