The U.S. House Committee on Agriculture (i) considered a proposal by FTX - a registered derivatives clearing organization - to expand its services and (ii) examined trends in new clearinghouse models.
The European Commission proposed three draft delegated acts concerning supervision of third-country central counterparties by the European Securities and Markets Authority.
The House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit raised concerns over potential European "encroachment" on U.S. clearinghouse oversight.
The U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit considered testimony on international developments that could affect the U.S. derivatives markets.
U.S. Senate Agriculture Committee Chair Pat Roberts and Ranking Member Debbie Stabenow expressed support for CFTC Chair Giancarlo's strong commitment to the CFTC-European Commission Equivalence Agreement.
Senator Elizabeth Warren (D-MA), Senator Mark Warner (D-VA) and Representative Elijah E. Cummings (D-MD) requested that two systemically important derivative clearing organizations provide information regarding their respective recovery and resolution plans.
March 21, 2011 A proposal by the U.S. futures regulator to force clearinghouses to accept more members could inadvertently increase risk in the financial system, the body's British counterpart said on Monday. The CFTC proposed in December a measure that would prohibit clearinghouses from setting a...