Bill Brodsky, chairman of the World Federation of Exchanges, has hammered home his view that regulators must cooperate and harmonise rules, both domestically and internationally.
Brodsky, whose day job is chairman and chief executive of the Chicago Board Options Exchange, was speaking to journalists at the Swiss Futures and Options Association’s conference in Interlaken on September 10.
“Our biggest concern at the moment is the issue of international coordination. In my visit to Brussels I was urging the EU people to work with the [US] Treasury people,” said Brodsky.
However, he expressed a degree of pessimism that the optimal solutions would be found. “After what we’ve been...