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The Editors

CFTC’s Gensler Is Right on Need for Derivative Rules Now

What with Egypt’s coup and the asylum-seeking escapades of national-security leaker Edward Snowden, you may have missed the fratricide taking place at one of the U.S.’s most important financial regulatory agencies.

The Commodity Futures Trading Commission is in the final stages of deciding how broadly to apply new derivatives rules across borders. U.S. and European Union regulators have been at odds over the issue, but a deal is imminent, to Bloomberg News. This is an underreported yet vital part of efforts to fix financial regulation.