Dodd-Frank extraterritoriality will hurt US banks – Risk.net poll
More than two-thirds of respondents think the long arm of Dodd-Frank will put US banks at a competitive disadvantage
The extraterritorial application of US derivatives rules will make it tougher for US banks to compete in international markets, say a majority of respondents to an online poll conducted by Risk.net. Sixty-seven per cent of respondents thought that non-US counterparties would rather trade with foreign dealers instead of US banks.
The poll follows comments made by Barry Zubrow, chief risk officer of
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