Gensler Calls For 'Consistency' In EU Swap Reform

Law360, New York (March 22, 2011, 2:20 PM EDT) -- U.S. Commodity Futures Trading Commission Chairman Gary Gensler called on European regulators Tuesday to work closely with their U.S. counterparts to ensure a “coordinated” trans-Atlantic approach to new derivative rules drafted in response to the recent financial crisis.

“A coordinated approach is necessary to overseeing a global marketplace,” Gensler said, in an address to the European Parliament's Economic and Monetary Affairs Committee, ahead of his consultation with members of the ECON committee on swap reform.

"Effective reform cannot be accomplished by one nation alone,” Gensler said....
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