WFE warns on EMIR 2.2 fragmentation effects

By GlobalCapital
28 Aug 2019

The World Federation of Exchanges has warned that the European regulator’s proposals for EMIR 2.2 risk fragmenting global markets, raising costs for end users and damaging international relations.

In a letter addressed to the European Commission and the European Securities and Markets Authority, WFE issued a strong warning against ESMA’s proposals over European Market Infrastructure Regulation 2.2. WFE also set out principles that it claims could avoid “international regulatory dissonance” in the cross-border supervision of central ...

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