FCA urges progress on equivalency for derivatives trading
US and EU regulators should base recognition decisions on outcomes, not technical details
A top UK regulator has called for the US and European Union to prioritise equivalency recognition on trading requirements and execution platforms to ensure future liquidity in over-the-counter derivatives markets.
"Our future derivatives markets are likely to be marked by deeper liquidity, greater efficiency, and a better ability to distribute risk effectively if EU firms subject to the EU trading
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