A few days ago I did this post on Elisse Walter's speech on regulation of cross-border OTC derivatives. On April 18, 2013, the Japanese Financial Services Agency, jointly with eight foreign authorities, sent a ministerial-level joint letter to U.S. Secretary of the Treasury Jacob J. Lew on the same topic frustrated "at the lack of progress in developing workable cross-border rules as part of reforms of the OTC derivatives market." Check more comments on this letter by Hester Peirce over at http://www.pointoflaw.com/. Maria L