The US Securities and Exchange Commission and the Commodity Futures Trading Commission are holding public debates on planned changes to margin requirements, regulations on insider-trading, and the manner of new financial product approvals, as they attempt to put in place a new, coordinated approach to derivatives market surveillance.
A joint panel has been established to look into the workings of complex financial instruments over which the bodies share oversight, and during the discussions there was support for the idea of setting up a permanent joint task force to share expertise in this area, and bridge the traditional gap in approaches between the two regulators.
According to reports on the meetings, many eminent academics and market stakeholders on the panel gave written testimonies for the meetings, with consensus achieved on many issues.
Given the need for the SEC and CFTC to co-operate closely, the question of merging the two entities is certain to be revived. .
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment