UK CCPs should move contracts to US, says CFTC official
An EU-US regulatory conflict can be avoided if UK CCPs move certain contracts to their US arms, according to the CFTC's Ananda Radhakrishnan, who said he is "tired of providing exemptions"
A conflict between European Union and US rules on the protection of client collateral should be resolved by moving UK-cleared contracts to the US, according to one Commodity Futures Trading Commission (CFTC) official. The alternative would be for the CFTC or the European Securities and Markets Authority to provide an exemption, but Ananda Radhakrishnan, director in the division of clearing and risk at the CFTC, told a conference yesterday that he is "tired of providing exemptions".
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