CFTC's Chilton warns about conflicting rules for derivatives

Bart Chilton, a member of the Commodity Futures Trading Commission, warned of problems that could arise if regulators in the U.S. and Europe implement different rules for the derivatives market. Chilton said rules need to be consistent and that conflicting regulations would lead to a "race to the bottom." "We shouldn't open the door for regulatory arbitrage or trading migration to the least or most poorly regulated trading environments," Chilton said.

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