Political pressure will come to bear on US margin rules – Risk.net poll
More than half of respondents expect regulators to back down over extraterritoriality application of margin rules
Political pressure will force US regulators to amend draft rules on margining uncleared derivatives in order to prevent US banks being put at a competitive disadvantage overseas, say a majority of respondents to an online poll conducted by Risk.net.
Fifty-six per cent of respondents think the pressure being exerted by political heavyweights in Washington, DC will compel regulators to remove the extraterritorial application provision of the rules.
That pressure has already begun to be applied -
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