Shanghai CCP no-action relief clears way for US FCMs
Three-year relief may allow more clearing members to join, but hurdles to full recognition remain
The US Commodity Futures Trading Commission’s decision to provide three-year no-action relief to Shanghai Clearing House from registering with the regulator could encourage more US banks to sign up as a clearing member, say market participants. It could also indicate the central counterparty is on track to get equivalence, but hurdles around data sharing remain.
On July 31, Brian Bussey, the CFTC
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