US Geithner: Need level playing field globally for tighter financial market rules, must avoid ‘race to bottom’

Author: Gerry Davies | Category: News
  • British misfortune with ‘light touch’ regulation a warning to others trying to gain from tougher US sanctions (what’s he talking about?, is he having a pop at us?)
  • Need global minimum standards for margins on unclearedderivatives trades
  • Without global consensus, central clearing of derivatives will be undermined, will risk repeat of crisis