CFTC rules tipped to spark buy/sellside tensions
The incoming US person rules are causing some swap dealers, such as prime brokers, to take a 'shoot first, ask questions later' approach, which can be frustrating for buy-side clients, says a lawyer.
Tensions between buy- and sell-side firms in Asia are tipped to rise in the coming months, as swap dealers, such as prime brokers, will soon be obliged to determine whether their clients are US persons under incoming rules.
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