CFTC cross-border guidance a threat to ‘systemic stability’, say Asian regulators
Regulators from across Asia warn the Commodity Futures Trading Commission (CFTC) that "unintended consequences" of market fragmentation and systemic risk may arise in non-US markets if the US agency implements its proposals for cross-border swap dealing activities as part of the Dodd-Frank act.
The Australian Securities and Investments Commission, Reserve Bank of Australia, Hong Kong Monetary Authority, Securities and Futures Commission and Monetary Authority of Singapore raised a number of
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