US lawmakers slam ‘smugness’ of European Commissioner’s clearing comments

US vs Europe fight conflict adobe stock
By Ross Lancaster
27 Jun 2019

Members of the US House Committee on Agriculture reserved harsh words for a chief European regulator on Wednesday, in a sign that the cross-border spat over derivatives clearing has not yet subsided.

The committee met to discuss Brexit and international development affecting US derivatives markets. Top of the agenda was EMIR 2.2, an update of the European Market Infrastructure Regulation. The regulation is not yet finalised, but committee members were very much focused on it as a threat.

“We on ...

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