In a joint statement, the CFTC and the European Commission reaffirmed their commitment to "transatlantic cooperation" among regulators and to implement G20 reforms to the derivatives market.
The European Commission extended the deadline for Brexit from March 29, 2019 to May 22, 2019 on the condition that UK Prime Minister Theresa May's proposed withdrawal agreement is approved by the UK Parliament.
EU lawmakers agreed to new legislation on how EU and third-country clearinghouses should be supervised in the future. CFTC Chair J. Christopher Giancarlo weighed in re-raising concerns about implementation.
EU policymakers agreed to give the providers of "critical benchmarks" until December 31, 2021 to comply with the new Benchmark Regulation requirements.
The U.S. Treasury Department stated that it expects U.S. financial institutions to ignore the European Commission's list of jurisdictions with strategic Anti-Money Laundering / Countering the Financing of Terror deficiencies.
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.
The European Commission recognized certain CFTC-regulated DCMs and SEFs as "eligible for compliance" with EU trading obligation for certain derivatives.
