FSB Says Countries May Miss Deadline for New Derivative Rules
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Group of 20 countries have been slow to strengthen regulations for over-the-counter derivative markets and many jurisdictions need to take immediate steps to avoid missing the 2012 deadline they agreed to, the Financial Stability Board said.
Many countries have also started to take differing approaches to rules that could weaken their effectiveness, the FSB said in a report released by the Basel-based organization today.