http://www.bloomberg.com/news/articles/2015-05-12/nomura-is-latest-bank-to-stop-clearing-swaps-as-new-rules-bite
Nomura Holdings Inc. will no longer act as a middleman to allow
clients to guarantee their swap trades with a clearinghouse, the latest
bank to exit the business as new rules increase risks and costs in the
$630 trillion market.
“Due to the evolving and uncertain regulatory and market
environment,” Nomura will no longer offer its clients the option of
clearing swap trades in the U.S. and Europe, Rob Davies, a spokesman for
the Tokyo-based firm, said in an e-mailed statement Tuesday. “Our focus
is to continue growing our execution business” in both private swaps
and listed derivatives around the world, he said.
....... they know its coming and it aint far away...
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