The European Commissioner for Financial Stability, Financial Services and Capital Markets Union, Jonathan Hill, and U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad today announced a common approach regarding requirements for central clearing counterparties1 (CCPs). Commissioner Hill said, “This is an important step forward for global regulatory convergence. It means that European CCPs will be able to do business in the United States more easily and that US CCPs can continue to provide services to EU companies. It has taken a long time, but it is good news that after more than three years of ... (full story)