Political turf war could scupper CFTC- SEC merger, say market participants
27 Jan 2009
Market participants have said a merger of US regulators, the Commodity Futures Trading Commission and the Securities and Exchange Commission may be pushed through as there is a “political will” from the new US administration. However, the same market participants believe the merger could be blocked by a “turf battle” between US House and Senate Committees.
“We think there is political will there,” said Peter Driscoll, chairman of...
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