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"Regulatory arb" makes it sound like they did some clever financial engineering to conjure money out of this air. It actually means they were able to skirt regu
by FastMonkey 5y ago
"Regulatory arb" makes it sound like they did some clever financial engineering to conjure money out of this air. It actually means they were able to skirt regulations meant to put a limit on the interest rates that borrowers pay.
- lmm 5y agoI think everyone in finance knows "regulatory arb" is the polite term for "we found a legal loophole".