US derivatives-trading deference to EU industry would have to be reviewed anew under House bill

3 December 2019 7:23am
US derivatives-trading recognition of European clearinghouses and banks would be subject to new review under a bill approved by the House Agriculture Committee in response to the EU’s recent EMIR 2.2 law.

A similar bill was introduced in the Senate Agriculture Committee last week, reflecting the breadth of congressional concern about the post-Brexit law aimed at ensuring non-EU clearinghouses meet the bloc’s standards.