Cyber security and automatic trading are high on the US regulator's agenda for 2016
The chair of the CFTC has outlined five
key focus areas for the US regulator, including further
progress in a common approach for transatlantic central
clearing counterparties (CCPs) after the European Commission
this week granted equivalence for US CCPs.
"The equivalence accord provides a good
basis for further work with Europe and other jurisdictions on
cross-border harmonization. But it is not the only progress we
have achieved recently on this front. Our adoption of a final
rule on margin for uncleared swaps late last year also
underscores these advances – and illustrates our
progress in reforming the OTC swaps market," CFTC chairman
Timothy Massad said on Wednesday.
In a speech at the Futures Industry
Association's 41st annual meeting in Boca Raton, the chairman
outlined five areas of focus for the CFTC this year,
including the common approach for transatlantic central
clearing counterparties (CCPs). The European Commission granted
regulatory equivalence for US CCPs on Tuesday,
as reported by FOW.
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