The Commodity Futures Trading Commission and the Securities and Exchange Commission have released a report on harmonising their approaches. It makes 20 recommendations for closing gaps in regulatory oversight.“This report is another step forward in our effort to reform the regulatory landscape and ensure greater harmonisation between our agencies,” SEC chairman Mary Schapiro said in a conference call.One critical recommendation in the 96 page report, published on October 16, is a request to Congress to set clear guidelines for jurisdiction over new financial products. The agencies said legislation should establish “legal certainty” about which agency regulates which products and establish a review process...