CME Group
May 16, 2013
Summer tends to be a quiet time for Europeans as many head out for nice holidays. This summer may be quite different, as European bankers, governments, and regulators are increasing their pressure on Commodity Futures Trading Commission Chairman Gary Gensler to curb what they deem is the CFTC’s extraterritorial reach with Dodd-Frank’s Title VII.
Gensler and his supporters, however, are not satisfied that relying on foreign regulators to monitor U.S. derivatives activities abroad would protect the U.S. taxpayer if a breach in Dodd-Frank rules or a derivatives transactions failure were significant enough to disrupt markets… Read More