CFTC's Cross-Border Derivatives Rules Rankle Foreign Peers

Law360, New York (September 4, 2012, 6:45 PM EDT) -- European Union and U.K. regulators have asked the U.S. Commodity Futures Trading Commission to rethink the extraterritorial reach of its new derivatives rules, putting the regulators on a collision course that experts say was set when the Dodd-Frank Wall Street Reform and Consumer Protection Act passed in 2010.

In recent comment letters, the European Securities and Markets Authority and the U.K. Financial Services Authority pushed the CFTC to at least delay a looming registration deadline for foreign banks, if not altogether drop its plan to aggressively...
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