Extraterritoriality remains a major issue, says FSA’s Lawton

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Ensuring new derivatives rules are applied consistently across borders remains one of the biggest challenges facing regulators, according to David Lawton, acting director of markets at the Financial Services Authority (FSA) in London.

Speaking at the International Derivatives Expo in London this morning, Lawton said the extraterritorial application of rules by national regulators could impose higher costs on derivatives users, without necessarily making the financial system any safer. "While

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