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...