LONDON – Volumes of cleared Euro interest rate swaps between European and US dealers have fallen by 77% since October 2013. In what the International Swaps and Derivatives Association (ISDA) described as “a breakdown of cross-border trading relationships”, the industry body’s latest survey shows a significant reduction in trading with “US persons” since US rules on swaps trading came into force on 2 October 2013.

Global Risk Regulator’s articles are exclusively

available to full subscribers

 

Subscribe today to ensure you stay informed about the latest global regulations and standards.

Tel: +44 (0)20 7873 3183
Email: grr@ft.com

Global Risk Regulator
   
Subscribing to Global Risk Regulator ensures easy online access and navigation for the latest analysis, multimedia content, monthly and breaking news alerts straight to your inbox and access to the 10-year archive.
 
Navigate through the regulatory landscape with a subscription to Global Risk Regulator.