Hedge funds and asset managers waiting for banks to make the first move are making life harder for themselves in the long run, with litigation expected. Fallbacks may also not be the silver bullet many hoped
Endorsement and recognition may be big business for those willing to provide it, but it is risky and time-consuming. Some don't even know the regulation exists
The undisputed winner is settlement efficiency, though some argue the new rules solve a problem that doesn’t exist. Institutional investors and broker-dealers must start work now
The flexibility of venues is easing compliance pains and ramping up competition in the trading platform space. Variations on the hybrid trading model are becoming more popular
