Isda AGM: ‘Overlapping and contradictory’ global regulation will hamper real economy

The cost of reducing systemic risk is too high for the real economy, says Isda deputy chief executive

Global policy-makers need to investigate the costs imposed on the real economy by "overlapping and contradictory" regulatory initiatives, according to George Handjinicolaou, deputy chief executive of the International Swaps and Derivatives Association.

Speaking at the Isda annual general meeting in Singapore today, Handjinicolaou claimed the various attempts to reduce systemic risk would come at a heavy cost – and ultimately could hamper economic growth.

"We urge global policy-makers to look at