Schapiro: global harmonisation at its highest level
Author: Danielle Myles | Published: 14 Nov 2011
Coordination among US and international regulators is stronger
than ever, but the Commodity Futures Trading
Commission’s (CFTC) oversight of the futures
market means there will be discrepancies between it and the US
Securities and Exchange Commission’s
(SEC’s) rules implementing Dodd-Frank.
The expected mismatch between US and European capital
requirements has been criticised, as has the extraterritorial
reach of Dodd-Frank’s title VII. But today...