CFTC chairman expects to resolve EU-US CCP spat

US and EU flags

The US Commodity Futures Trading Commission (CFTC) will seek to avoid a drawn-out transatlantic scrap over European Union plans to toughen oversight of foreign central counterparties (CCPs), according to Christopher Giancarlo, chairman of the US agency.

In comments made at the annual meeting of the International Swaps and Derivatives Association in Miami this morning (April 26), Giancarlo stuck to the hard line he and other US regulators have taken – at one point saying “US CCPs overseas need

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