Global Regulators End Derivatives Summit Without Formal Agreement
By Brian Scheid
Published December 9 2011 Platts
Derivatives regulators from throughout the world met in Paris this week and discussed cross-border issues that may arise as they work to implement new over-the-counter derivatives rules, but did not reach any formal agreement, according to a joint statement from global regulators Friday. In a meeting at the headquarters of the European Securities and Markets Authority in Paris, regulators from Canada, the European Union, Hong Kong, Japan, Singapore and the US discussed "cross-border issues related to the implementation of new legislation and rules to govern the OTC derivatives markets in their respective jurisdictions," according to the statement.
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