By Brad Rosen, J.D.In one of his final speeches to European counterparts at the Eurofi Financial Forum, CFTC Chairman John Christopher Giancarlo articulated a framework for global financial regulators in a speech titled A New Vision For EU-US Regulatory and Supervisory Cooperation for Derivatives Markets. The chairman’s remarks centered around his core assertion that regulatory cooperation between European and U.S. policymakers is a priority that ensures financial markets continuing to support the growth of mature market economies and increased prosperity for its citizens. Failing to cooperate, Giancarlo observed, “will stunt the efficiency of our markets, producing fragmentation and denying our firms, businesses and farms the necessary capital and risk hedging tools needed to increase productivity . . ."In somewhat of a departure from the Trump Administration’s hostility and reservations regarding international commitments and cooperative undertakings,…
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