Giving foreign branches leeway on Dodd-Frank rules would send finance jobs overseas, he says.
By Silla Brush and Jesse Hamilton, Bloomberg|June 14, 2012 at 08:21 AM
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New York financial firms would move jobs overseas if the U.S. grants the industry’s request to exempt companies’ foreign branches from some Dodd-Frank Act rules, said Gary Gensler, chairman of the Commodity Futures Trading Commission.
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