“The CFTC and the Bank reaffirm the primacy of the UK and US home authorities in their respective jurisdictions,” the BoE said in a statement.
The BoE said that it would recognise CFTC assessments of U.S.-based CCPs which operate in Britain.
“This assessment enables the Bank to place reliance on the CFTC’s supervision and oversight of incoming CCPs based in the US,” it said.
Source: Economy - investing.com
