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EC welcomes five countries to the equivalency peerage

The European Commission has today announced its adoption of five equivalence decisions in respect of Canada, Switzerland, South Africa, Mexico and the Republic of Korea. EU Commissioner Jonathan Hill said

“I am pleased to announce these equivalence decisions for Canada, Switzerland, South Africa, Mexico and the Republic of Korea today.  Derivatives markets are global in nature and today’s decisions reflect that.  We continue to work with other third country regulators to assess the equivalence of further regimes and will make additional decisions as soon as is possible.”

While this is excellent news for the legions of Mexican CCPs, the equivalence process still has a vast America-shaped hole through its middle.

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