CFTC’s Gensler defends long arm of Dodd-Frank

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The cross-border application of US over-the-counter derivatives reforms was defended today in an article written by Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), who argues it is "critical" that the agency's Dodd-Frank Act rules should apply to OTC trading in other countries. The article appears in the Banque de France's (BdF) new financial stability review, and comes four days after a group of eight finance ministers took aim at extraterritoriality in a letter to