Regulation Kings: China Vs The United States
As China opens its economic doors with pilot schemes that lack transparency, the US has acted, well, more like a bull in a China shop.
Albeit with good intentions, the creation and implementation of the Dodd-Frank Act has been troubled. In an earnest bid to apply the full force of the law to regulate the OTC markets, the Commodity Futures Trading Commission has shown such a lack of diplomatic tact as to frustrate and befuddle lawmakers, regulators, corporate end users and bankers across the globe.
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