Euro clearing debate rages on as ESMA and lobbyists speak up
The clearing of euro denominated derivatives after the UK leaves the EU re-entered the limelight this week, as regulators and industry advocates issued statements about the issue.
On Monday, European Securities and Markets Authority (ESMA) welcomed the European Commission’s proposal on third country central counterparties (CCPs), revealed on June 13, which offered the regulatory body more powers to supervise foreign clearing houses.“We believe that enhancing the implementation and monitoring of the equivalence decisions on ...
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