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With Congress out of session and official Washington, DC conducting its business in a more relaxed pace, politics, and speculation continues to dominate everything
Although the biggest story had to be the Supreme Courts decision to uphold the Affordable Care Act, the markets may have found even better news in the announcement of a Eurozone agreement, which, among other things, included the introduction of a new system of European banking supervision
According to a Wall Street Journal article published this week, foreign banks and funds are becoming increasingly concerned that U.S. regulators will extend their activities overseas and enforce risk mitigation portions of the Dodd-Frank Act abroad
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Jurisdiction - Global
Workarea - Derivatives
Author - Jason M. Rosenstock
Firm Name - Mintz Levin Cohn Ferris Glovsky and Popeo PC
