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by foobar10000
39 days ago
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I kindof agree that it is unattractive - but the regulators are perfectly happy with "EOD also introduces credit risk on the clearing house/bilateral." if it allows them to protect retail and institutional investors. They'd rather bail out the clearing houses - which they can do - then have the retail investor lose faith in the markets for a generation or 2 - ala the great crash. So, to your point - yep, it is not final. But it is unattractive _to the market making and prime brokers and similar players_ which the regulators do not care much about. |
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