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US and EU ink swaps accord

The agreement between watchdogs in the US and Europe marks an important step forward in solving cross-border regulatory issues

US and EU regulators have agreed a deal that eases rules on the cross-border trading of swaps, bringing the two regions a step closer in efforts to harmonise new rules brought in under sweeping G20-led reforms.

The Commodity Futures Trading Commission and the European Commission have said that, subject to meeting certain requirements, European derivatives markets can be recognised under US rules.

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