Foreign regulators leave US isolated on uncleared margin rules

The extraterritorial application of US uncleared margin proposals will make it tough for US banks to compete with their foreign counterparts unless the proposals are copied by regulators elsewhere. That’s not going to happen quickly, if at all. By Matt Cameron


As appeals go, the one made on June 6 by US Treasury secretary Timothy Geithner was pretty direct: “Just as we have global minimum standards for bank capital – expressed in a tangible international agreement – we need global minimum standards for margins on uncleared derivatives trades,” he said, at a conference in Atlanta.

That kind of consensus seems a long way off. Although the European Union plans to introduce uncleared margin rules – proposals could appear in October or November – five

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here