European firms face extra charges if no deal is reached by June 17
The US Commodity
Trading Futures Commission (CFTC) is ramping up pressure on its
European peers to grant equivalence to the US clearing house
regime, ahead of the deadline just over a month
Timothy Massad told the
US Appropriations Committee on Tuesday that: "We have offered a
substituted compliance framework for clearinghouse regulation
which was their principal concern. I believe there is an ample
basis for them to make a determination of equivalence, and I
hope that they will do so soon."
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.