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Industry Pushes CFTC to Prioritise Cross-Border Clarity

August 30, 2017, Risk

Stephen Humenik is quoted in a Risk article regarding the industry push for an overhaul of cross-border aspects of U.S. regulation in order to compliment rules expected to be implemented around the world. According to Humenik, “Previously, only the CFTC had its full rule sets up and running, but now all the other global regulators are getting to that point. This presents an opportunity for the US regulators to review the current substituted compliance regime here in the US and recalibrate it, to provide a better framework for comparability that will ultimately lead to a better regime with Europe, and vice versa.”

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