Euro clearing relocation ‘will inform’ US cross-border policy
Isda AGM: CFTC’s Giancarlo says geography has been no barrier for EU CCPs in the US
A forced move of euro-denominated swap clearing to the eurozone will have an impact on the way the Commodity Futures Trading Commission (CFTC) approaches cross-border swaps-clearing supervision, the US regulator’s acting chairman has warned.
European regulators have strongly hinted at a requirement for the clearing of euro swaps at central counterparty clearing houses (CCPs), such as UK-based LCH
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