ASIC on regulatory arbitrage
ASIC Commissioner, Cathie Armour: We have a concern that there’s been a degree of regulatory arbitrage. Our regulatory system, particularly for retail forex products, is in some respects a more relaxed regime than many overseas regimes. Two areas are no rules limiting leverage and our client money rules. We think it would our help our regime not be utilised by operators who are really taking advantage of these regulatory differences if we had rules that were similar to other G20 nations.
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