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Massad says although the agency is trying to coordinate with foreign regulators, there will be rules differences between jurisdictions.
Proposal involves non-deliverable forwards, which aren't covered by the Treasury exemption for FX forwards and swaps.
CFTC member anticipates trade war in financial markets if U.S. and Europe can't better coordinate cross-border swaps regs.
Fed re-proposes collateral rules for uncleared swaps that exempt a company's first $65 million worth of collateral.
Regulator seeks further information about Wall Street tactics to avoid U.S. trading rules for overseas derivatives.