Dodd-Frank cross-border application defended by CFTC's Gensler

04/23/2013 | Risk.net (subscription required)

Gary Gensler, chairman of the Commodity Futures Trading Commission, said it is critical that offshore entities be required to comply with the commission's Dodd-Frank Act rules governing over-the-counter transactions. He said any other approach would send U.S. jobs and markets to foreign countries but leave the U.S. economy with the risk of being burdened with losses from OTC trading.

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