Outgoing SFC chief slams Geithner on regulatory arbitrage comments

The outgoing chief of the Securities and Futures Commission (SFC), Martin Wheatley, has dismissed any suggestion Asia may attempt to use regulatory arbitrage to the detriment of the US, following comments made by US Treasury secretary, Tim Geithner, earlier this week that suggested this may be the case.

"To suggest other markets will use regulatory arbitrage to gain business, I would strongly disagree with that. We are all in the business of making sure our regulation is robust. No-one wants the