US lawmaker backs CFTC on cross-border swaps rules

04/25/2013 | Reuters

The US Commodity Futures Trading Commission shouldn't listen to criticism characterising its stance on cross-border swaps regulation as aggressive, Sen Carl Levin says. "American families and businesses deserve strong protections against the risks posed by derivatives trading, including from cross-border swaps," Levin said. The EU, the UK and Japan have urged the CFTC to rely more on foreign regulators, rather than impose its rules on foreign banks.

View Full Article in:

Reuters

Published in Brief: