FSA Backs Exchange Decisions On Clearing

10 Nov 2009

The U.K. Financial Services Authority today said it should be up to European exchanges, not regulators, to decide which over-the-counter derivatives are eligible for central clearing.

--Rob McGlinchey

The U.K. Financial Services Authority today said it should be up to European exchanges, not regulators, to decide which over-the-counter derivatives are eligible for central clearing.

David Bailey, capital markets section manager at the FSA, told delegates at the Futures and OptionsWorld derivatives conference, “It is for ...

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