Regulatory group wants to tackle risks posed by bank branches and affiliates
Global derivatives regulators have pledged to tackle
'loopholes’ that allow foreign branches of
systemically important banks to avoid the G20 rules on
clearing, execution and reporting.
The OTC Derivatives Regulators Group, which includes the US
Commodity Futures Trading Commission (CFTC), the Japanese
Financial Services Agency, and the European Securities and
Markets Authority (Esma), said it will meet in November to
address how to include branches and affiliates in the global
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