U.S. Swaps Cop Apologizes for International Overreach
Giancarlo proposes letting U.S. customers use foreign swaps clearinghouses that haven’t registered with the CFTC.
By Ben Bain & Silla Brush|September 04, 2018 at 01:41 PM
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The top U.S. swaps watchdog is apologizing for what he says was past overreach by his agency in dealing with international derivatives oversight and calling for more deference to rules governing trading in other countries.