CFTC nominee opposes EU oversight of US clearing houses

In EU-US turf war, Heath Tarbert says US CCPs should be ‘exclusively supervised’ by US regulators

Heath Tarbert
Heath Tarbert, assistant secretary for international markets at the US Treasury, has been nominated by President Trump to lead the CFTC
Photo: CQ-Roll Call/SIPA USA/PA Images

The US should have “sovereignty” over its own clearing houses, said Heath Tarbert, who has been nominated to become chairman of the Commodity Futures Trading Commission.

Tarbert, currently assistant secretary for international markets and investment policy at the US Treasury Department, was responding to questions at his nomination hearing before the Senate agriculture committee on Wednesday (March 13).

He said Treasury is watching closely as the European Union moves closer to finalising

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