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CFTC’s Pan: PFMIs not a template for global regulation

US regulator has previously warned EU supervisors not unpick hard-won equivalence agreement

rules-regulations
The CFTC has warned European regulators not to unpick a deal over CCP recognition

Globally agreed minimum standards for clearing houses are a useful template, but they are not a sensible basis for agreeing equivalency determinations between different regulatory jurisdictions, a senior US derivatives regulator has said in a recent panel discussion.  

Speaking on April 12 at the World Federation of Exchanges’ clearing and derivatives conference in Chicago, Eric Pan, director of

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