Dodd-Frank Extra-territoriality Will Hurt US Banks - Risk.net Poll
By Matt Cameron
Published June 17 2011 Risk Magazine
The extra-territorial 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.
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