Clearing members push CCPs to make rulebook amendments

Harry Eddis
By Hazel Sheffield
08 May 2014

Clearing members are putting pressure on clearinghouses to make amendments to their rulebooks, according to lawyers, who say that regulators have thus far approached clearing from the perspective of the CCP rather than taking into account the risks imposed on clearing members.

Harry Eddis, partner at Linklaters in London, said that one of the benefits of EMIR is that clearing members have focussed on CCP rulebooks to make sure that they are up to scratch. “Clearing members are very much more alive to the need to assess the risks of ...

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