Central Banking

Exchange chiefs back Giancarlo in tussle over CCP oversight

Chris Giancarlo - CFTC
CFTC chairman Christopher Giancarlo

The chief executives of CME and Eurex have rallied behind a US regulator’s call for European lawmakers to scrap a contentious plan to expand oversight of foreign clearing houses.

At an industry conference in Chicago on October 17, Christopher Giancarlo, chairman of the US Commodity Futures Trading Commission, issued the strongest remarks yet by a US regulator on the cross-border supervision row. He warned the supervisor could block the sale of European futures and options contracts to US

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