US, Europe chart path for swaps market rules

摘要

US and European regulators said Friday they have agreed on a common approach for certain margin requirements for the swaps markets. The regulators expect that the deal they've reached will provide cross-border certainty to energy companies and financial institutions looking for safeguards and a level playing field for the potentially risky transactions. Under the agreement, CFTC has decided that EU margin rules are comparable to similar CFTC rules. This means EU firms may rely on substituted compliance with EU margin rules to meet CFTC requirements. Both sides also announced a common approach regarding certain CFTC and EU authorized derivatives trading venues. As a result, market participants in both the US and EU will not have to post double margin transactions.