EU should take CFTC's hand

The United States’ top derivatives regulator, Commodity Futures Trading Commission (CFTC) chair Christopher Giancarlo, this week apologised for his organisation’s past regulatory overreach in policing foreign derivatives markets and called for a “reset” in relations with the European Union. The Europeans would be wise to take him up on his offer.

  • By Costas Mourselas
  • 06 Sep 2018

Giancarlo’s words come as the EU is working on passing a new law that would greatly increase the bloc’s oversight powers over foreign clearinghouses, including those in the US.

European legislators are concerned that as the UK leaves the EU, regulators will need new powers to police the ...

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