Getting along in the regulatory sandbox

A number of foreign government officials signed a letter drafted by Japan’s FSA and delivered to the U.S. Secretary of Treasury regarding cross border OTC derivatives reform.  The letter highlighted evidence of fragmentation in the financial markets due to the lack of regulatory coordination.

It appears the consensus among the foreign officials is local regulations should not be extended beyond national borders.  As well, one sole national regulator should not presume they can set the agenda for a global industry

Perhaps the U.S should consult other global regulators first?    What a novel idea…..

Read the article here –

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: