Giancarlo blamed CFTC's swap rules for fragmenting global market
Senior regulators at
the US Commodity Futures Trading Commission (CFTC) outlined on
Tuesday their concerns over the Dodd-Frank reforms and its
cross-border issues in particular.
The comments were made
as part of testimony given by the CFTC commissioners to the US
house committee on Agriculture and subcommittee on commodity
exchanges, energy and credit.
Chief concern for the
CFTC was the continuing clearing house equivalence dispute with
the European Commission.
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