OCC "pushing big time" for SEC-EU equivalence deal
The clearing house could lose up to 25% of its members without an agreement
The Options Clearing Corporation (OCC) is lobbying for the Securities and Exchange Commission (SEC) to replicate the recent agreement by European and US regulators to recognise each other's clearing house rules. From mid-June, European banks will face higher risk-weights when using non-approved venues.
In February, the Commodity Futures Trading Commission (CFTC) said it had reached an agreement with the European Commission (EC) that would enable mutual recognition of each other's central
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