FINSwire May 26 2010

Which Firms Will Profit From the Finance Reform Bill?

Julie Steinberg

Banks may be worried about how they'll fare in the wake of the final Senate finance reform bill, but according to Fortune, there are some unlikely candidates who are likely to do well.

1. CME Group. Even if a provision forcing banks to spin off their derivatives businesses doesn't get pushed through, derivatives will definitely become a more transparent business. That means more regulation and more work for CME, which serves as a clearinghouse for exchanges.

2. State Street and BNY Mellon. Institutional money managers like State Street will do well because they'll be able to offer services to accompany tougher derivatives regulation. BNY Mellon will be able to offer clearing and asset management services.

3. Fidelity Investments and Vanguard Group. Reform is trending toward transparency and conservatism, so shops like the aforementioned that have a reputation for transparency and conservative investments will benefit.

Write to Julie Steinberg




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