Q&A: CFTC’s Massad on cross-border conflicts
Amid an ugly spat with European authorities over clearing house equivalence, CFTC chairman Timothy Massad is seeking to avoid further cross-border conflicts
By all accounts, Timothy Massad is fond of beer and French cuisine (Risk March 2014). The chairman of the Commodity Futures Trading Commission (CFTC) must then have enjoyed his recent trip to Brussels, which overflows with fine restaurants and some of the world's best lagers and ales. Sadly, his croquettes came with a side-order of cross-border conflict.
Massad travelled to Brussels in early May with hopes of brokering a deal on the authorisation of US clearing houses by European authorities. He
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