RBS CIO: Regulatory Arbitrage Possible, But Loopholes Closing
As the global regulatory environment has yet to fully shake out, large trading firms are looking at regulatory arbitrage opportunities in emerging markets, which have relatively relaxed approaches to compliance and regulations when compared to those of the US and UK, says Scott Marcar, who was recently named the Royal Bank of Scotland's (RBS’) CIO of markets.
He says, though, that regulators are aware of this, and as a result, are looking to tighten their rules.
"For banks with the ability to
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