CFTC chairman warns EU to stay off clearing turf
CFTC's Giancarlo stated stricter rules on overseeing non-EU clearing houses will damage US derivatives markets.
Tag: EU
ESMA chief supports stricter supervision on UK CCPs
ESMA's Steven Maijoor has welcomed proposals to impose stricter controls on UK CCPs clearing euro-denominated derivatives.
US-EU regulators unable to reach consensus over cross-border derivatives rules
The CFTC has extended its exemption from the uncleared margin rules for US firms doing business in Europe.
CCP recovery role for MEP Swinburne
Kay Swinburne will lead the European Parliament’s team on CCP recovery and resolution.
EU could fast-track derivatives margin rules
Law firm Linklaters anticipates the rules could come into force by mid November if the EC accelerates implementation.
SEC vote brings US-EU closer to derivatives equivalency
Equivalency will ease the capital cost for European banks doing business with US CCPs.
ESMA urges EU Commission to act fast on OTC derivatives rules
Delays to implementing margin rules for uncleared derivatives could run the risk of fragmentation and regulatory arbitrage.
Ferber: UK has to comply with EU to do business
Markus Ferber has stated London will be less attractive to do business if it does not comply with EU regulation.
BlackRock warns of messy divorce from the EU
The world’s largest fund management group has warned that it expects the UK’s “divorce” from the European Union to be “messy, drawn out and costly”.
Asset managers fear operational headaches from Brexit
Experts warn that Brexit could cause major operational challenges for finance firms.