Commentary: CFTC should delay cross-border swap rules

07/9/2013 | Huffington Post, The

Former Sen. Blanche Lincoln, an Arkansas Democrat who played a key role in drafting the Dodd-Frank Act, writes that the Commodity Futures Trading Commission should delay finalizing rules governing cross-border swaps in order to allow international regulators to catch up with the progress made by the agency. CFTC Chairman Gary Gensler has put the U.S. in a leadership position by pushing to develop these rules, but should now wait for an international agreement that would permit the U.S. to respect foreign regulatory agencies' policies, Lincoln writes.

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