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Some U.S. and European derivatives regulations are in conflict or unnecessarily overlap, which could lead to geographical market fragmentation, finds the Alternative Investment Management Association (AIMA) in a new paper.
Read: CSA proposes derivatives market registration and regulation
“If untreated, some of the conflicting rules may prevent counterparties from complying with either regime. These effects could be mitigated for cross-border transactions by firms being allowed to follow the rules of the jurisdiction of one, under a concept known as ‘substituted compliance’ in the U.S. or ‘equivalence’ in the EU,” reports AIMA.
Read more here.
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