UniCredit, plus DBS in Singapore and Nordea in Sweden have all adopted a "don't trade with the US" approach to Dodd Frank. TJ Lim, Head of Capital Markets at UniCredit announced their strategy at the ISDA AGM last week.

• Little known fact: TJ Lim used software called "The Blotter" at Merrill Lynch in 1992 onwards, created in part by myself.
• Other little known fact: One of my nicknames was "Bill the Blotter". One I'd like to not resurrect.

UniCredit to shun US derivatives trading – FT.com.