CFTC’s Stewart blames EU for equivalence failure

Risk Derivatives Clearing: EU stance on equivalence is "unfortunate", CFTC lawyer says

cftc-pic-6
US regulator blames EU for equivalence debacle

The US Commodity Futures Trading Commission (CFTC) has done "more than enough" to secure an equivalence determination for US clearing houses from the European Union, a senior lawyer at the agency has claimed.

Lawranne Stewart, special counsel to CFTC chairman Timothy Massad, placed the blame for the ongoing equivalence debacle squarely at the feet of the EU.

"The process on equivalency has been driven by the Europeans," she said. "We've been trying to give them what they need to make that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: