Lack of independence of regulators has been largely recognised as a factor of inefficient financial regulation. The new rules on transparency of derivatives market -recently issued by the CFTC- do not seem to pose a different debate. The level of complicity and complaisance between dominant market actors and national regulators, continues determining the content and enforceability of the new regulation.
21 May 2013
1 May 2013
Internationally driven regulation is harming national derivatives markets
Asian markets are not particularly optimistic with the new system of international rules being implemented on financial derivatives markets. The main concern lies on the applicability of the new clearing and reporting regulations for cross-border transactions. The lack of consistency and what is worse, the conflicting rules would adversely affect the OTC derivatives market itself.
More information available on
http://www.ft.com/cms/s/0/6b6d30b8-b0a9-11e2-9f24-00144feabdc0.html#axzz2S2GVOmgK
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