This content is from: Innovation

Geithner Calls For Global OTC Rules

U.S. Treasury Secretary Timothy Geithner has called for global minimum standards for margins on uncleared derivatives trades.

U.S. Treasury Secretary Timothy Geithner has called for global minimum standards for margins on uncleared derivatives trades. Speaking at an international monetary conference in Atlanta, Geithner said, "Without international consensus, the broader cause of central clearing will be undermined. Risk in derivatives will become concentrated in those jurisdictions with the least oversight.”

Click here to read the remarks from the Department of the Treasury

Related Content