Regulation Shuffle

03 May 2004

CFTC chairman Jim Newsome has already acknowledged that the reauthorisation of the US futures regulator, slated for next year, will not be a walk in the park. But with SEC apparently flexing its muscles more in the derivatives sphere, it could prove even more difficult than anticipated.

The...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.