Regulatory Requirements Regulatory (Tables)

12 Months Ended

Dec. 31, 2021

Regulatory [Abstract]

Computation of Net Capital under Securities and Exchange Commission Regulation

As of December 31, 2021, these regulated broker-dealers had regulatory net capital or financial resources, regulatory net capital requirements or minimum FCA or SFC requirement and excess as follows:

Subsidiary	Net Capital		Minimum Net Capital Requirement		Excess Net Capital
	(dollars in thousands)
Cowen and Company	$	367,203	$	6,874	$	360,329
ATM Execution	$	6,778	$	250	$	6,528
Westminster	$	18,997	$	250	$	18,747
Cowen International Ltd	$	52,610	$	22,312	$	30,298
Cowen Execution Ltd	$	16,482	$	4,168	$	12,314
CFP	$	37,756	$	20,000	$	17,756
Cowen Asia	$	2,081	$	385	$	1,696