EU moves fast on clearing resolution, knocks out open access

European Parliament building from Adobe 230x150
By Jean Comte, Ross Lancaster
24 Jun 2020

The European Parliament reached a quicker than expected agreement on central counterparty clearing house recovery and resolution on Tuesday night, settling on a framework for second skin in the game requirements and also pushing open-access rules out for another year.

The decision to delay open access, a second Markets in Financial Instruments Directive rule that has already been on ice for two and a half years, will grab most market participants’ attention.

Most had expected another delay for some months. Germany, ...

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