Giancarlo talks EMIR 2.2, farmers' dervis fear

Giancarlo PA 230x150
By GlobalCapital, Ross Lancaster
02 May 2019

Public tension has diminished between European and US regulators over the former’s determination to increase its supervisory powers over clearing houses, but concerns are still simmering, as this week’s testimony from the US Commodity Futures Trading Commission (CFTC) chairman showed.

Christopher Giancarlo has long criticised the European Commission’s move to give itself greater oversight powers over third-country clearing houses. In response to questions from US House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit — in what could be his last such testimony — he repeated ...

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