Sef equivalency "back to square one" as CFTC takes hard line
Equivalency regimes on the rocks
The US Commodities Futures Trading Commission's (CFTC) stubborn stance on swap execution facility equivalency for European firms is putting future regulatory cooperation at risk, claim market participants.
In the middle of May, negotiations broke down between the CFTC and European regulators over the process by which certain European trading platforms – known as multilateral trading facilities (MTFs) under the European Union's Markets in Financial Instruments Directive (Mifid) – could offer Sef
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