Key Questions Raised by the CFTC’s Plans for Non-US CCPs
DavisPolk – A version of this article was first published in Risk Magazine on June 24, 2014. [snipped] “As swaps clearing rules take effect around the world, recognition of foreign clearinghouses by domestic regulators is becoming increasingly important—and so are the international standards for clearinghouses, the Principles for financial market infrastructures (the “PFMIs”) developed by CPSS-IOSCO. …