The CFTC solicited public comments on a proposed comparability determination and related Order for certain CFTC-registered swap dealers domiciled in the United Kingdom and subject to prudential supervision by the UK Prudential Regulation Authority.
News & Insights
The CFTC and French financial regulators have signed a Memorandum of Understanding aimed at facilitating cooperation and the exchange of information related to supervising covered institutions that operate on a cross-border basis in the United States and France.
The SEC and the European Central Bank entered into a Memorandum of Understanding, setting forth the terms for consultation, cooperation and the exchange of information between the regulators in the oversight of certain security-based swap dealers.
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.
According to reports, the transition from LIBOR to an alternative reference rate should not subject legacy swap contracts to new European Market Infrastructure Regulation margin requirements.