Both the CFTC and SEC standards would allow an offshore fund - TopicsExpress

Both the CFTC and SEC standards would allow an offshore fund organized by a U.S. bank that formally rejected any responsibility for the fund’s solvency to evade American oversight. Reform watchdogs said they worry that U.S. firms will simply route much of their derivatives business through these nebulous entities, leaving the financial system to operate much as it did in the years before the crash. huffingtonpost/2013/07/08/gop-wall-street-bill_n_3542999.html?ir=Politics&utm_campaign=070813&utm_medium=email&utm_source=Alert-politics&utm_content=Title

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