Derivative Rule Delays In US Slow Global Reform: Report

Law360, New York (June 15, 2012, 1:17 PM EDT) -- A global panel on Friday said that delays among U.S., European Union and Japanese regulators in writing rules for the $650 trillion over-the-counter derivatives market have caused other G-20 countries to miss reform targets.

The Financial Stability Board, a body coordinating G-20 regulatory initiatives, said that the U.S., EU and Japan had made good progress over the last six months in developing the new rules for processing most derivatives trades through central clearinghouses and exchanges where possible as well as other transparency measures.

But other countries...
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