Exchange execs differ on harmonization of regulators

The Obama administration told the Securities and Exchange Commission and the Commodity Futures Trading Commission to harmonize and coordinate their efforts as work gets under way to bolster regulation of the over-the-counter derivatives market and to change other rules. Today, the SEC and the CFTC will hold the first of several hearings on the situation, allowing top executives from the country's exchanges to explain their positions. Some are hoping for increased ties and cooperation between the regulators, while others are seeking the status quo.

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