The European Commission determined that the SEC's regulatory framework for central counterparties is equivalent to that of the European Union.
News & Insights
In an op-ed in The Wall Street Journal, CFTC Chair Heath Tarbert and European Commission Executive Vice President Valdis Dombrovskis described recent action on regulation and supervision of DCOs.
The European Commission proposed three draft delegated acts concerning supervision of third-country central counterparties by the European Securities and Markets Authority.
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 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.