Investment - Articles - IMA calls for action on derivatives trading rules


 The Investment Management Association (IMA), alongside seven other trade associations, has called upon the European Commission and US Treasury to take action on proposed derivatives trading rules when regulators implement G20 commitments.

 In a letter addressed to Michael Barnier and Tim Geithner, the trade associations have called for international cooperation on the harmful effects of extra-territoriality.* 

 Commenting Jane Lowe, Director of Markets at the IMA, said:

 "Investment managers have consistently supported the G20 agenda for reform of the derivatives markets. However, changes should make business sense. In global markets conflicting regulatory requirements are likely to introduce uncertainty, wasted time and cost for firms and their clients, without any clear regulatory benefit.

 "For example, under the proposed rules, investment managers may have to follow two different sets of rules for client transactions. Also, investment in less developed markets could be restricted by any attempt to overlay one nation's laws over another's.

 "We therefore urge regulators in the EU and US to pursue a more joined-up approach."

Back to Index


Similar News to this Story

Inheritance Tax raises almost GBP6 billion in 8 months
December’s update from HMRC shows that Inheritance Tax (IHT) receipts reached £5.7 billion through the first two-thirds of this financial year (April
PIC completes first Mosaic buyin with GCB Pension Fund
Pension Insurance Corporation plc (“PIC”) has concluded its first full scheme buy-in within Mosaic, PIC’s streamlined service for pension schemes with
Airways Pension Scheme complete longevity hedge with MetLife
The Trustees of the Airways Pension Scheme (“the Scheme”), Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc., (“MetLife”) and Z

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.