Singapore in a bind over substituted compliance
Banks in city-state fail to register with CFTC, sparking confusion
A critical issue for banks over the past month has been the development of the CFTC’s Dodd-Frank implementation process, with the issue of substituted compliance to the fore. As is ever the case in Asia, the number of different regulatory regimes around the region means there has been a variety of outcomes, depending on, in this instance, whether any banks from a particular country have applied to
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