U.S. and Europe Do a Derivatives Deal

U.S and European regulators reached an agreement on regulating derivatives, though it isn't the deal Commodity Futures Trading Commission Chairman Gary Gensler may have wanted.

The Commodity Futures Trading Commission and European Union regulators reached a deal today on cross-border rules for trade in derivatives -- a $633 trillion (yes, trillion) global market. This ended, for now, a debate that had pitted not just the EU but also a lot of U.S. politicians, banks and regulators, including some at the CFTC, against the commission's chairman, Gary Gensler.

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