“If we don’t see harmonization between the U.S. and Europe, we are definitely not going to see Asia following a line which is harmonized—it will take a line that is most beneficial to the Asian environment.”
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“If we don’t see harmonization between the U.S. and Europe, we are definitely not going to see Asia following a line which is harmonized—it will take a line that is most beneficial to the Asian environment.”

—Paul Swann, president and managing director at ICE Clear Europe, on why there should not be structural arbitrage across different regions where global products exist.

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