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CFTC approach to cross-border derivatives rules clarified


In a speech the US Commodity Futures Trading Commission (CFTC)
Commissioner outlined three objectives that must be achieved by the pending
cross-border guidance and relief in cross-border policy.  These are:

  • protecting the US taxpayer and financial system;
  • avoiding fragmenting liquidity and creating unfair competitive advantages for some firms and markets; and
  • adopting a clear and workable policy with and orderly transition period were the CFTC’s top priorities.

 Related Link:

http://www.cftc.gov/PressRoom/SpeechesTestimony/opawetjen-2

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