Search
 

Trans-Atlantic Derivatives Fight Nears End

U.S. and EU come closer to deal on rules governing swaps clearinghouses; without equivalence finding, U.S. clearinghouses will have trouble competing for interest rate swap business starting in February.

By Silla Brush and Julia Verlaine, Bloomberg | Updated on January 20, 2016

European Union (EU) and U.S. regulators are nearing a deal on oversight of the US$553 trillion global derivatives markets that would prevent an increase in EU capital requirements from hitting banks this year.

Jonathan Hill, the EU’s financial-services chief, said that an agreement is expected shortly and that progress has been made in negotiations with the U.S. Commodity Futures Trading Commission (CFTC) on supervision of clearinghouses such as those operated by CME Group Inc. and LCH.Clearnet Group Ltd. that are at the center of the market.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.