Tag: EU-US equivalence
US to EU- the honeymoon is over
Although prefaced by the usual caveat that “the views contained in this speech are my own and do not represent the views of the CFTC”, Commissioner Brian Quintenz delivered the keynote address yesterday at the FIA Annual Meeting, eviscerating the EU’s plans to revise EMIR in respect of CCP oversight. The short speech is well-worth reading in full, […]
EU=US at last- CCP Equivalence announced
The EU and the US have today released a joint statement outlining a common approach to mutual recognition of each other’s CCPs. ESMA will propose an equivalence decision in respect of US CCPs, the CFTC will propose a “determination of comparability” in respect of EU CCPs- each decision will conclude at the same time that […]
ESMA throws in the equivalence towel
ESMA has today published a consultation paper seeking to cut through the Gordian knot of EU-US CCP equivalence. On Friday 11 December 2015, the Commission approved the fourth extension of the QCCP deadline to 15 June 2016. The major bone of contention between regulators of the world’s two largest derivatives trading blocs has been the […]