washington concern coordinate u.s. derivatives regulation countries dominate senate committee hear thursday consider two nominees seat commodity futures trade commission members party ask nominees chris brummer georgetown university law professor brian quintenz investment firm founder work republican representative cooperation countries agriculture committee hear committee vote nominations separate business meet approve nominations go full senate cftc oversee u.s. derivatives market recently give swap dealers extra month comply new cross-border rule collateral uncleared swap asia market freeze uncertainty change european commission announce summer delay implementation similar rule brummer quintenz speak need build strong relationships countries brummer emphasize u.s. role lead rulemaking overall think hard ... lead lead example think want cross-border regulatory environment high quality unite state commit high standards find like-minded say meanwhile quintenz worry firm could exploit time gap different countries rule implementation financial gain call regulatory arbitrage someone go first believe full analysis say believe full analysis go first long jurisdictions move size regulatory arbitrage create jurisdictions move regulatory arbitrage go forward republican senator thom tillis say current situation almost like penalize good behavior time key players ... bank industry suffer move forward regulations make us globally make us un-competitive say separately speech thursday cftc chairman timothy massad say assure european counterparts delay implement swap margin rule would short hop would place march 1. add cftc explore action could take delay stretch long globally align derivatives rule dominate u.s. confirmation hear