Eight global and regional trade associations today called on regulators to intensify cooperation to prevent, alleviate or limit the harmful effect of overlap, inconsistency and ambiguity resulting from extra-territoriality in regulatory efforts to implement G20 commitments.
Extra-territoriality is a fundamental concern in derivatives business, where it is common for counterparties based in different parts of the world to transact with each other.
SIFMA Statement on the Volcker Rule Proposal
SIFMA today released the following statement from president and ceo Tim Ryan in reaction to the Volcker…