EU and US officials will cooperate on derivatives regulation

11/2/2010 | Wall Street Journal, The

Michel Barnier, internal-market commissioner for the EU, and Gary Gensler, chairman of the US Commodity Futures Trading Commission, issued a joint statement after meeting with industry leaders saying that they vow to cooperate on tougher regulation of the over-the-counter derivatives market. Barnier and Gensler discussed trading limits, better ways to address abusive practices, issues related to high-frequency trading and other areas of policy.

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