The Monetary Authority of Singapore and the European Commission are working to let trading venues on both sides support Group of 20 derivatives changes, even though Singapore is not a G-20 member. The move toward equivalence for EU firms to continue trading interest-rate derivatives and credit default swaps on Singapore platforms requires approval from EU states. The Business Times (Singapore) (free content) (20 Feb.)
EU states including France, Germany, Italy, the Netherlands and Sweden are preparing national legislation to let UK banks continue servicing derivatives contracts in the event of a no-deal Brexit. Bloomberg (tiered subscription model) (20 Feb.)
Democratic leaders in the House are preparing a resolution opposing President Donald Trump's declaration of a national emergency to fund a wall along the US-Mexican border. The measure is expected to be filed Friday. The Associated Press (21 Feb.)
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