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CFTC Commissioner Warns Against U.S./Europe Reg Split

Bart Chilton, a member on the U.S. Commodity Futures Trading Commission, said differing regulations for derivatives between the U.S. and Europe could lead to a “race to the bottom,” with players migrating to the poorest regulated jurisdictions, reports Bloomberg.

Bart Chilton, a member on the U.S. Commodity Futures Trading Commission, said differing regulations for derivatives between the U.S. and Europe could lead to a “race to the bottom,” with players migrating to the poorest regulated jurisdictions. Chilton comments before a conference in London echoed sentiments stated last month in a report by the technical committee of the International Organization of Securities Commissions.

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