The chief executive of the Australian Securities Exchange has criticised the Obama administration’s planned regulatory reforms of the US financial system, arguing they are “draconian” and out of touch with market developments. Robert Elstone, head of the ASX, told the FT that the US reforms were too broad, targeting parts of the securities markets, such as OTC swaps, that were not key contributors to the global financial crisis.

This entry was posted by Gwen Robinson on Friday, September 18th, 2009 at 4:44 and is filed under Capital markets, People. Tagged with Asx. Edit this entry.