Successfully synchronising the
regulations that govern the world's largest financial markets
remains as critical as ever in today's globalised world,
according to several sources close to IFLR.
The announcement this week by the Securities and Exchange
Commission (SEC), the Commodity Futures Trading Commission
(CFTC) and the Financial Conduct Authority regarding a planned
collaboration in the credit derivatives market shows that some
of the world's biggest markets are still looking to align
themselves in the name of stability, transparency and
Areas of significant importance to financial stability like
the swaps and derivatives markets, securitisation, as well as
banking and finance, all require harmonisation in order to be
strong and secure marketplaces.
There are other ongoing attempts to coordinate certain
markets. The CFTC, for example, last year released white papers
for the cross-border application of swaps provisions, which
outlines a risk-based approach with deference comparable to
See also: CFTC...