Four questions raised by CFTC’s plans for non-US CCPs
The CFTC is working on a new exemptive regime for foreign clearing houses, likely to be based on international principles. The plans raise four key questions for non-US clearing houses and market participants. By Annette Nazareth and Jeffrey Dinwoodie
As swaps clearing rules take effect around the world, recognition of foreign clearing houses by domestic regulators is becoming increasingly important – and so are the international standards for clearing houses, the Principles for financial market infrastructures (PFMIs).
The PFMIs are set to play a significant role in a forthcoming US proposal that would allow foreign clearing houses to clear
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