Banks and central counterparties (CCP) are increasingly hopeful the European Commission will overlook differences in transatlantic clearing house rules and decide the US regime is equivalent to that in Europe – a step that would remove the threat of European banks giving up their membership of US CCPs.
"I've been working on this for over a year, and this is the best I've felt about things in terms of political will and resolving substantive differences – it's all moving forward," says one US cle
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data