It is good to note that this Committee heard from top regulators from Japan and the European Union just last December, who warned that without better coordination between the CFTC and international regulators there will be global fragmentation of the derivatives markets.
International regulators warn of potential global fragmentation in derivatives markets without better coordination.
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Before I yield to my colleague from Michigan, I yield myself such time as I may consume. Madam Speaker, this is a process that combines two good pieces of legislation. This is a process that takes what we successfully did in…
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