Search
 

U.K. Among Nations Raising Alarm on U.S. Swap Rules’ Reach

Overseas finance officials urge U.S. Treasury to limit the cross-border reach of derivatives regulations.

By Silla Brush, Bloomberg | Updated on April 19, 2013

Nine overseas finance officials urged U.S. Treasury Secretary Jacob J. Lew to limit the cross-border reach of Dodd-Frank Act swaps rules that they say are fragmenting the $639 trillion global market.

Seven finance ministers joined Michel Barnier, the European Union financial services chief, and George Osborne, U.K. chancellor of the exchequer, to tell U.S. officials to allow for broader recognition of overseas swaps rules. Their letter to Lew follows complaints by JPMorgan Chase & Co., Goldman Sachs Group Inc. and overseas officials about the planned reach of U.S. Commodity Futures Trading Commission rules.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.