European Commission 'unhappy' with Dodd-Frank extraterritoriality
EC official voices concern over the long arm of US derivatives rules
The possibility that European entities might have to register with US regulators and comply with the Dodd-Frank Act has ruffled the feathers of officials at the European Commission (EC), according to Paulina Dejmek, a member of the cabinet of Michel Barnier, the EC's internal market and services commissioner.
"We are aware of the extraterritorial application of the Dodd-Frank Act. We are not happy with it and this is something we are discussing closely with our US counterparts, hoping to find
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