CFTC policy chief defends US regulator's extraterritorial rules

Lack of alternative Sef regimes makes US approach de facto standard

Ananda Radhakrishnan, CFTC

One of the architects of the Commodity Futures Trading Commission's (CFTC) US person rules has defended his agency's extraterritorial stance as necessary due to a lack of finalised rules by other jurisdictions including Europe. Speaking in a personal capacity at a Futures Industry Association Asia event in Hong Kong last week, Ananda Radhakrishnan, director, division of clearing and risk, at the CFTC, acknowledged that the agency's cross-border guidance has caused confusion and opposition but