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U.S. Sees Derivs Rules Disparity With EU

U.S. futures regulators have cited gaps in derivatives rules between the U.S. and Europe.

U.S. futures regulators have cited gaps in derivatives rules between the U.S. and Europe, Financial Times reports. According to Jill Sommers, a Republican-appointed commissioner at the Commodity Futures Trading Commission, European rules are behind the U.S.

European Union is likely to exempt pension funds from a requirement that OTC derivatives transactions should be made through a clearing house. The proposed rules by the EU may harm the competitiveness of U.S. business, added Sommers.

Click here for the story from Financial Times.

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