Craig Pirrong covers reasons why there is a standoff between the EU Commission and the US CFTC over granting the US 'equivalence' on rules resulting from the Dodd Frank Act. A speech given at the FIA Conference in Burgenstock illustrates some of the feelings within the EU about the outcome of CFTC rule making under Gary Gensler, departed Chairman of the CFTC. You can read the full post over at Craig's website here.