EC Regulator To Banks: Stick To Clearing Commitment

18 Mar 2009

The head of the European Commission’s financial market infrastructure, Mario Nava, urged banks in member states to remain committed to creating a clearing house for credit default swaps in Europe.

The head of the European Commission’s financial market infrastructure, Mario Nava, urged banks in member states to remain committed to creating a clearing house for credit default swaps in Europe. Speaking at a lecture in London, he said the commission was fine with possibly establishing a clearing house ...

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