Christopher Giancarlo, head of the US Commodity Futures Trading Commission, called on the EU to ease application of new investor-privacy protection to enable the two jurisdictions to access each other’s derivative trading data.
Mutual US and EU entree to swap data repositories would improve regulators’ “fragmented” ability to police global derivative markets, he said Monday.
The EU’s General Data Protection Regulation, which went into effect May 25, “must not be applied in ways that hinder the sharing and access of information between European and US regulators for regulatory and supervisory purposes,” Giancarlo said.
CFTC's Giancarlo urges EU to interpret privacy rule to allow derivative data sharing with US regulators
5 June 2018 7:14am