MEP proposes new CCP resolution fund

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MEP proposes new CCP resolution fund

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European flags in front of headquarters of European commission in Brussels in summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

Jakob von Weizsäcker, the European Parliament's co-rapporteur for draft central counterparty (CCP) clearing house resolution regulation, said on Monday that he will table an amendment to create a new resolution fund for the entities, a move that could cost €500bn but is unlikely to happen.

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