Fresh delay will push EU-US CCP row into September
Decision had been expected in July; dealers sceptical new timeline will hold
Dealers have been warned to expect a further delay to the authorisation of US clearing houses by European authorities.
In a letter sent to its members on July 24, the Futures Industry Association (FIA) said the update came following a meeting in Washington between Commodity Futures Trading Commission (CFTC) chairman Timothy Massad and a delegation from the European Parliament's Economic and Monetary Affairs Committee (Econ). According to the letter, the chairman of Econ, Roberto Gualtieri, said
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