Long Slog To EU-CFTC Clearing Deal May Color Future Talks
By Ed Beeson (February 10, 2016, 10:37 PM EST) -- U.S. and European financial regulators on Wednesday dodged a potential market crisis down the road when they announced a major accord covering the $550 trillion global derivatives market. While the agreement on clearing arrangements scored applause, the yearslong process to reach it raised questions about the next time authorities need to resolve differences overseas.
The deal covers the regulation of central counterparties that clear derivatives transactions in the U.S. and Europe. Under it, the European Commission will soon agree to recognize U.S.-based clearinghouses as regulated as strongly as European ones, while the U.S. Commodity Futures Trading Commission will float a proposal...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!