Comment Text:
Meeting with European Commission
Tuesday, March 22, 2011
Memo from
Banerjee, Anuradha
CFTC Staff :
Gary Gensler and Jacqueline Mesa
External Attendees :
Nadia Calvino (Deputy Director-General, DG Internal Market, European Commission) and and Patrick Pearson (Head of Financial Markets Infrastructure, European Commission)
Additional Information :
During this meeting, open access rules for clearing houses, exemptions for pension funds from the clearing mandate, trade repositories and access to data and extraterritorial application of Dodd Frank were discussed. Calvino and Gensler discussed the similarities and differences in the EC and US proposed approaches to these issues. They also discussed the need for cooperation and harmonization on regulatory approaches and implementation.
