US and EU authorities surge forward on derivatives harmonisation

European and US derivatives regulators have struck common ground in their approach to electronic trading and agreed equivalence in their oversight of the OTC market, a move that will reduce margin requirements for cross-border market participants.

  • By Costas Mourselas, Ross Lancaster
  • 13 Oct 2017

The European Commission on Friday announced that it has determined the US framework for regulating OTC derivatives as equivalent to the European Union's. 

The announcement makes the US regulatory framework for non-centrally cleared OTC derivatives equivalent with the European Markets Infrastructure Regulation, avoiding duplicated or conflicting rules.

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