New Iosco chair launches cross-border taskforce


The dream was to create a globally consistent set of regulations that would ensure all standardised over-the-counter derivatives are cleared through central counterparties and reported to trade repositories. The reality is very different. Market participants have become increasingly concerned about the fragmentation of global standards - and the attempts by some domestic regulators to apply their own rules beyond their national borders. The end result could be an assortment of contrasting and

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