US and EU Push For Common Approach with latest CFTC Framework

[kreslik.news]

The steps towards cross-border regulatory harmony just got closer, as the United States (US) Commodity Futures Trading Commission (CFTC) has today approved a substituted compliance framework for certain Counterparties that are also regulated in Europe, thus simultaneously providing relief for the applicable firms from specific CFTC regulations.

This follows after the joint CFTC statement with the European Commission (EC) that was announced on February 10th and aimed towards a common approach for certain transatlantic dealers, and to help improve market efficiency for the many businesses and industries that use derivative markets for hedging commercial risk.

After extensive consultations with ... (read more)