European Commission 'unhappy' with Dodd-Frank extraterritoriality

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The possibility that European entities might have to register with US regulators and comply with the Dodd-Frank Act has ruffled the feathers of officials at the European Commission (EC), according to Paulina Dejmek, a member of the cabinet of Michel Barnier, the EC's internal market and services commissioner.

"We are aware of the extraterritorial application of the Dodd-Frank Act. We are not happy with it and this is something we are discussing closely with our US counterparts, hoping to find

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