The rising tide of cross-border regulation is making life difficult, argue senior traders at big fund houses, who want to see greater consistency across jurisdictions.
Tag : cftc
New e-trading rules start in Hong Kong, SFC cuts lapse time for approvals, Tiger Asia case ends, US derivatives regulator approves SGX and CFTC allows local compliance.
The incoming US person rules are causing some swap dealers, such as prime brokers, to take a 'shoot first, ask questions later' approach, which can be frustrating for buy-side clients, says a lawyer.
A private equity COO fears rule tightening is too broad-brush and will inflate costs, while a fund-of-hedge-fund COO says clarity is needed over new reporting requirements.
