CFTC policy chief defends US regulator's extraterritorial rules

Lack of alternative Sef regimes makes US approach de facto standard

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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