"So far, the U.S. regulatory story has read something like a Hollywood epic, while, I suppose, the E.U. script has played out in a series of occasionally overlapping short films."

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"So far, the U.S. regulatory story has read something like a Hollywood epic, while, I suppose, the E.U. script has played out in a series of occasionally overlapping short films."

--Chris Bates, partner at Clifford Chance, on the difference in how European and U.S. lawmakers have approached to derivatives legislation..

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