FCA urges progress on equivalency for derivatives trading
US and EU regulators should base recognition decisions on outcomes, not technical details
A top UK regulator has called for the US and European Union to prioritise equivalency recognition on trading requirements and execution platforms to ensure future liquidity in over-the-counter derivatives markets.
"Our future derivatives markets are likely to be marked by deeper liquidity, greater efficiency, and a better ability to distribute risk effectively if EU firms subject to the EU trading mandate trade at the same venues as US firms subject to US trading mandates. So the prize to be
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