Corporate backlash on costs of regulation continues

The backlash from corporate treasurers over the likelihood that post-crisis clearing and capital regulations will drive up hedging costs prohibitively appeared more vociferous than ever last week, as panellists at the ACI UK Financial Markets Association's annual Square Mile Debate in London argued there is now more uncertainty than ever.

"The thing we are worried about is the cost of these regulations. We think it is going to be difficult for banks to avoid giving the costs to us unless they're