Global regulators vow to fix derivative-rule problems

12/4/2012 | · Reuters

Regulators worldwide recently met in New York and identified potential problems with derivatives rules that they agreed to implement after the financial crisis. "We have identified various potential conflicts, inconsistencies, and duplicative requirements within our respective contemplated rules and we will continue to discuss measures to ameliorate the challenges they raise," the regulators said in the joint statement. For example, the regulators will strive to minimise issues arising from extraterritoriality.

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