The Council of the European Union updated a proposal to require systemically significant foreign central counterparties to adopt the EMIR and adhere to regulation by the European Securities and Markets Authority and the European Central Bank.

CFTC Commissioner Brian Quintenz urged European Union regulatory authorities to recommit to deference-based regulation of cross-border central counterparties.

SEC Commissioner Hester M. Peirce urged European and U.S. international organizations to take a more holistic approach when attempting to collaborate on and coordinate regulatory policies.

In an op-ed published in the French newspaper Les Échos, CFTC Chair J. Christopher Giancarlo reviewed the implementation of swap reforms over the past eight years and advocated for increased cross-border regulatory deference.

The CFTC Market Risk Advisory Committee discussed central counterparty regulation and the market implications of various Brexit provisions.

CFTC Commissioner Sharon Y. Bowen outlined ways in which global regulators might harmonize the regulation of market data, enforcement and clearing.

The Office of Financial Research academics analyzed the effects of "procyclical" central counterparty margin requirements.

CFTC Commissioner Sharon Y. Bowen urged financial regulators to adopt "broadly aligned" regulations and financial standards "strong enough to ward off undue systemic risk and flexible enough to allow for growth."

SEC Chief of Staff Andrew J. Donohue called for greater regulatory cooperation to address the "expanding intersection between U.S. securities regulation and the global securities community."

The CFTC and the European Securities and Markets Authority ("ESMA") signed a Memorandum of Understanding regarding ESMA's recognition of U.S. derivatives clearing organizations as central counterparties.