EC tackling final questions on CCP resolution
The European Commission is drawing up proposals on the recovery and resolution of CCPs, but a number of tricky questions still have to be answered
Rules on the recovery and resolution of central counterparties (CCPs) are expected to take shape over the next couple of months, according to participants at a Brussels conference on financial reform yesterday – but key elements, including where to draw the line between recovery and resolution, still need to be settled. The regime will determine how catastrophic losses should be allocated among clearing house participants.
Two new regulatory documents are in the works. The first is a set of
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