Council of EU approves new CCP oversight rules

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By Costas Mourselas
04 Dec 2018

The Council of the European Union has approved its final version of a controversial legislative proposal that seeks to overhaul the bloc’s oversight of clearing houses.

The Council’s version of the proposal put forward by the European Commission last year comes after months of negotiations between member states. It will be used in compromise discussions with the European Parliament, which has its own preferences for the proposal. 


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