OCC "pushing big time" for SEC-EU equivalence deal

Clearing house could lose up to 25% of its members without agreement

eu-us-deal-jigsaw
Deal or no deal? OCC fears loss of up to a quarter of its members

The Options Clearing Corporation (OCC) is lobbying for the Securities and Exchange Commission (SEC) to replicate the recent agreement by European and US regulators to recognise each other's clearing house rules. From mid-June, European banks will face higher risk-weights when using non-approved venues.

In February, the Commodity Futures Trading Commission (CFTC) said it had reached an agreement with the European Commission (EC) that would enable mutual recognition of each other's central

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: