Isda AGM: regulators must work together to avoid fragmented market, warns Credit Suisse’s Rohner
Institutions will be weaker and markets will be riskier if new rules vary between jurisdictions, Credit Suisse vice-chair warns
Governments and international regulators need to work together more closely on cross-border resolution issues and tackle the new risk concentrations clearing houses will create, warned Credit Suisse vice-chairman Urs Rohner in a keynote speech to the Isda annual meeting in Prague today. A failure to do so could cause markets to become fragmented and riskier, he argued.
Rohner highlighted the G-20 governments' drive to introduce resolution regimes that work globally to prevent firms from becoming
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