Giancarlo urges EU to protect CCP equivalence deal

CFTC head offers olive branches on ANE rule and trading venue protocols

Chris Giancarlo - CFTC
Christopher Giancarlo: “I supported that [equivalence agreement] and I do today”

The chair of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, has called on the European Union to ensure the February 2016 equivalence deal on clearing houses is not undermined by policy responses to Brexit that leave the US facing “collateral damage”.

Speaking this week at a conference organised by the Securities Industry and Financial Markets Association (Sifma) in Washington, DC, Giancarlo explicitly criticised the European Commission’s (EC) proposal to expand the

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