The European Commission has issued a statement stating that Jonathan Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union, and Timothy Massad, Chairman of the US Commodity Futures Trading Commission (CFTC) met in Brussels to continue their discussions on a possible equivalence decision by the Commission for central counterparties that are regulated and supervised by the CFTC.

The statement notes that their discussions were “constructive and progressing”. Both have agreed to continue their discussions with the aim of finalising an approach by the summer.

View Joint Statement by Jonathan Hill and Timothy Massad on CCP equivalence, 7 May 2015