CFTC cross-border guidance a threat to ‘systemic stability’, say Asian regulators

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Regulators from across Asia warn the Commodity Futures Trading Commission (CFTC) that "unintended consequences" of market fragmentation and systemic risk may arise in non-US markets if the US agency implements its proposals for cross-border swap dealing activities as part of the Dodd-Frank act. The Australian Securities and Investments Commission, Reserve Bank of Australia, Hong Kong Monetary Authority, Securities and Futures Commission and Monetary Authority of Singapore raised a number of c

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