Geithner’s war on derivatives

Tim Geithner wants to dictate the rule book for global derivatives regulation AFP

Last week, we asked our online readers what they thought about Tim Geithner’s recent comments on derivatives regulation. The US Treasury secretary said last Monday that he wants to get tough on the derivatives industry, and that the rest of the world really ought to agree with him.

The problem for Geithner is that banks operating in the US are too big even for him to get his arms around a unilateral move to get tough on the derivatives industry is all very well, but will simply have...