European Commission ‘unhappy’ with Dodd-Frank extraterritoriality


The possibility that European-regulated entities might have to register and comply with the derivatives requirements of the Dodd-Frank Act has ruffled the feathers of European legislators, according to a senior official at the European Commission (EC).

"We are aware of the extraterritorial application of the Dodd-Frank Act; we are not happy with it and this is something we are discussing closely with our US counterparts, hoping to find mutually convenient solutions," said Paulina Dejmek, a

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