13/10/2017 (Agence Europe) – The European Commission and the Commodity Futures Trading Commission (CFTC) reached an agreement on Friday 13 October, which will help facilitate deals in financial derivatives. The two organisations agreed “a common approach” so that the Europeans would continue concluding certain deals in financial derivatives on trading platforms regulated in the US. Secondly, the European Commission adopted a decision recognising the US regulatory framework governing over the counter deals for derivatives, which is equivalent to European legislation. The US will have to do likewise. “These two measures will provide certainty to markets, minimise regulatory arbitrage, and encourage competition on a level playing field”, declared the European Commissioner for Financial Services, Valdis Dombrovskis, in Washington, where he is participating in international financial meetings. (MB)