The CFTC announced that CFTC Chair Massad will travel to Beijing, Hong Kong, Tokyo and Singapore in January to discuss cross-border swaps regulation.
Massad is making the trip in order to meet with government officials and market participants to “further the dialogue” on common concerns and interests regarding the swaps market.
Lofchie Comment: The CFTC might want to consider commissioning an independent polling firm to conduct a survey of how Asian businesses view U.S. financial regulation. It is likely that these businesses fear being caught up in the burdens and complexities of U.S. regulation which will scare them away from transacting with U.S. financial institutions.
See: Press Release.