From an FT article on international harmonization of derivatives regulation:
Gary Gensler, chairman of the Commodity Futures Trading Commission, who is heading the US reform effort, said: “We’re trying to work hand in hand with the Europeans, trying to get similar comprehensive and comparable rules.” But he added it would be “easier to defer to Europe” if European rules matched those developed in the US.
http://www.ft.com/intl/cms/s/0/4340ee5a-a8e9-11e0-ab62-00144feabdc0.html#axzz1Rca5O8mo
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