CFTC’s Massad on CCPs and margin requirements

Remarks of Chairman Timothy G. Massad before the European Union Parliament, Committee on Economics, Brussels, Belgium
May 6, 2015
As Prepared for Delivery
Good afternoon, Chairman Gualtieri and members of the Economic and Monetary Affairs Committee. Thank you for inviting me to participate in today’s exchange of views. I very much appreciate the opportunity to meet with you. I have wanted to come to Brussels for some time. Frankly, shortly after I took this job, I had expected we would solve this issue regarding equivalence and recognition of CCPs relatively quickly, and I would be coming over to finalize an agreement many months ago. Of course, it has taken us longer. However, I think we and the Commission continue to work together in good faith toward that goal and hopefully we can reach agreement soon.

The full speech is available here: http://www.cftc.gov/PressRoom/SpeechesTestimony/opamassad-20

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