"If you don't have [rules on interoperability then the market will try to find its own ways to deal with the issues. It's probably better to have some rules laid down, even if they're not perfect."
--Rüdiger Litten, partner in the capital markets practice at Norton Rose in Frankfurt, in reaction to the removal of guidelines for interoperability for clearinghouses operating in the European Union.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
