ESMA lays out future for third country CCPs

Brexit adobe stock AS 230x150
By GlobalCapital
12 Nov 2019

The European Securities and Markets Authority has issued technical advice for the European Commission on the treatment of third-country central counterparties (TC-CCPs).

ESMA issued three sets of technical advice to the Commission on TC-CCPs under the revised European Market Infrastructure Regulation.

The European regulator is proposing a range of indicators, both qualitative and quantitative, to be used in determining a TC-CCP’s tiering, along with guidance on what it may consider ...

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