4. The Choking Point
These Asian regulators have a common problem, which is that their fledgling markets could be killed off before they are able to fly the nest.
—Bill Herder, executive director of the Asia arm of the Futures Industry Association, commenting on a letter signed by regulators and central banks in Singapore, Hong Kong and Australia expressing concerns about Dodd-Frank's rules on cross-border dealings of swaps.
Source: Financial Times
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio