EC and CFTC announce a path forward on cross-border regulation of OTC derivatives
On 11 July 2013, the Commodity Futures Trading Commission (CFTC) and the European Commission (EC) announced a high-level joint understanding (referred to in the announcement as the ‘path forward’) regarding the approach to the cross-border regulation of over-the-counter (OTC) derivatives. The announcement comes one day before the CFTC is scheduled to hold a highly anticipated […]