MEPs approve CCP relocation power

Brexit fotolia
By Jean Comte
10 Oct 2017

Europe needs to upgrade its supervisory regime for clearing houses, the economic and monetary affairs committee of the European Parliament heard this week as it debated a European Commission proposal to relocate powers.

All the committee's members approved the aim of the proposal, with the notable exception of British MEP Kay Swinburne.

"It is a necessary proposal," said committee chair Roberto Gualtieri (Italian, S&D). "We have to upgrade our supervisory regime and our third country regime — and this proposal does ...

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