Giancarlo ratchets up rhetoric on EU's 'prescriptive' regs
The head of the foremost derivatives regulator in the US, Christopher Giancarlo, has issued a warning to European regulators on incoming regulation, condemning “costs and regulatory burdens” to the US economy.
In an opinion piece titled “An EU plan to invade US markets” in the Wall Street Journal on Monday, the chairman of the Commodity Futures Trading Commission (CFTC) rejected the “highly prescriptive and rules based approach” to financial regulation that he said was favoured by the European Union.
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