Fisher Capital Management Investment Strategies: Warning over diverging derivatives rules

Proposed rules for derivatives trading could push up financing costs and create “material risks” for the global economy because of a lack of co-ordination, the US and European Union have been warned by the financial services industry.
The warning is contained in a letter sent on Wednesday by eight leading trade associations – including the European Banking Federation, the Futures and Options Association, the Investment Management Association and the Wholesale Market Brokers’ Association – to Tim Geithner, the US Treasury secretary, and Michel Barnier, EU internal market commissioner. » Fisher Capital Management Investment Strategies: Warning over diverging derivatives rules
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