trending Market Intelligence /marketintelligence/en/news-insights/trending/9Lj6d-R0jJRQFgvA2IRkkQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

CFTC, EC reach equivalence agreement for cross-border derivatives trading

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

CFTC, EC reach equivalence agreement for cross-border derivatives trading

The U.S. Commodity Futures Trading Commission and the European Commission have declared that their margin requirements for uncleared swaps are equivalent.

The agreement on substituted compliance means swap dealers or major swap participants which comply with one regulator's rules will be deemed to be in compliance with the other's rules.

The two agencies also agreed on a common approach regarding authorized trading venues. The European Commission will look into the adoption of an equivalence decision covering swap execution facilities and designated contract markets, under certain conditions. CFTC staff will propose, and the regulator's chairman will support, its exemption from the swap execution facilities registration requirement of trading venues authorized in accordance with the MiFID II/MiFIR requirements that the European Commission has identified.