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He looks at Napoleon's attempt to regulate trading with a modern-sounding ban on futures contracts and short sales.
But the administration would regulate trading in more exotic derivatives that trade privately, like the credit-default swaps that were used both to hedge against and to speculate on high-risk mortgage-backed securities.
The commission had established the deadline when it set out to decide how to regulate trading by American banks in London and beyond — a chief factor in the 2008 financial crisis.
In a statement, the S.E.C. said: "Self-regulatory organizations must enforce the federal securities laws as well as their own rules to regulate trading on their exchanges by their member firms.
Britain struck a deal Tuesday with its European Union allies on how to regulate trading in over-the-counter derivatives, a compromise that the government said would improve regulation and protect financial markets across Europe.
As the deadline nears, the plan to regulate trading by American banks in London and beyond has set off a rare breakdown of decorum at an agency long known for its cordial style and unanimous votes.
Similar(49)
The International Monetary Fund warns of environmental harm with no international conventions to regulate trade along with minimal enforcement of national regulations.
It is there to regulate trade.
He could crack down on outsourcing and regulate trade.
Trying to regulate trade, Adam Smith taught, was like trying to "regulate the wind".
…spelled Kulja, (1851), treaty between China and Russia to regulate trade between the two countries.
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