We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
On 5 July 2011, eight leading trade associations, including the International Swaps and Derivatives Association, the Global Financial Markets Association and the European Banking Federation, sent a letter to the US Treasury Secretary and the EU Internal Market Commissioner, warning them that diverging EU and US derivatives rules could substantially increase financing costs and “material risks” for companies and the wider global economy
