Global Trade Associations Warn of Potential Pitfalls of New Derivatives Regulations

Eight international trade associations, including the International Swaps and Derivatives Association, the European Banking Federation and the Futures and Options Association, have sent a joint letter to Michel Barnier, the EU Internal Markets Commissioner, and Timothy Geithner, the Secretary of the US Treasury Department, urging them to focus on greater international coordination in the preparation and implementation of the new regulations on derivatives to be introduced across the G20 jurisdictions.