Each: CCPs seek safety in numbers
With detailed rules on margin models in the pipeline, Europe's association for clearing houses wants the industry's voice to be heard. Its new chairman, Marcus Zickwolff, speaks to Joe Rennison
For Europe's central counterparties (CCPs), the regulatory machine has just shifted into a higher gear, bringing with it a host of nitty-gritty detail – and growing concerns that the region’s clearing houses may end up being subjected to tougher standards than those in use elsewhere.
The detail is contained in a February 16 discussion paper from the European Securities and Markets Authority (Esma), which asks 83 questions on topics ranging from remuneration to margin standards – a first step
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