CFTC-EC cross-border agreement causes concern
A landmark agreement between European and US supervisors on how to co-ordinate cross-border derivatives regulation has been received cautiously by legal experts, who warn the inclusion of a ‘stricter-rule-applies' approach could still end up extending the Dodd-Frank Act beyond the US.
The European Commission (EC) and Commodity Futures Trading Commission (CFTC) announced their cross-border approach yesterday, and agreed regulators should defer to their overseas counterparts when the foreign
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