Is there a way to avoid regulatory arbitrage?
Elisse Walter, Chairman of SEC, (profile here) spoke in Washington D.C, at the American Bar Association Spring Meeting and explained the reason why a middle ground should be sought when it comes to regulation of cross-border OTC derivatives. As she puts it, there is far too much at stake and the regulators of OTC derivatives across the globe working together in good faith and common purpose can bring about a more stable, more transparent, and fairer OTC derivatives market, while preserving its global, dynamic character. Her speech can be found here. Maria L. Bill: The speech shows a more considered and thoughtful approach to solving the regulation of a global market, than the extra-territorial intentions over at the CFTC.