WASHINGTON Richard Roberts, a commissioner on the Securities and Exchange Commission, is applauding efforts by the SEC and the Commodity Futures Trading Commission to devise compatible risk assessment guidelines for affiliated derivatives firms.

"This, hopefully, will be an example of how r.egutatory bodies, working together, can arrive at commonsense practical solutions to issues raised by products that cross jurisdictional regulatory boundaries, as derivatives activities do," Roberts said in remarks prepared for delivery today at a conference in New York hosted by the Securities Industry Association and the American Institute of Certified Public Accountants.

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