O'Malia said agreement is unlikely before the third quarter at the earliest
European and US
regulators are unlikely to reach an agreement on US clearing
house equivalence until the third quarter of the year despite
last week’s high level talks between the EU
Commission and its US peers, a trade body has said.
O’Malia, CEO of the International Swaps and
Derivatives Association (Isda), said on Monday that despite "a
recent meeting between the European Commission and Commodity
Futures Trading Commission (CFTC), it now seems an agreement is
unlikely before the third quarter at the earliest".
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