Complexity and costs of clearing continue to cause concern

Metal cogs

The buy side is still struggling to get to grips with the costs and complexities of mandatory clearing, and participants have voiced concerns that standards written by the European Securities and Markets Authority could introduce more risks than they mitigate.

Speaking at the TSAM Europe buy-side conference in London on Tuesday, Ido de Geus, head of treasury and client portfolio management at Dutch pension fund PGGM Investments in Utrecht, said the cost of holding initial margin associated with

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