Hector Sants, the head of Britain’s financial watchdog, met U.S. counterpart Mary Schapiro on Thursday, days before the European Commission is expected to unveil a draft law on sweeping reform of EU securities trading rules. The [FSA] said the two chiefs discussed topics such as cross-border enforcement cases, regulatory reform, oversight of over-the-counter derivatives trading and clearing, high-frequency trading, market surveillance and short selling.
Read more: FSA’s Sants compares notes with SEC’s Schapiro — Reuters
