AMF’s Ophèle: we need to change EU swaps trading mandate
French regulator urges EU to avoid conflicting rules, adopt principles-based approach after Brexit
Robert Ophèle, chairman of French supervisor Autorité des Marchés Financiers (AMF), is in favour of loosening the scope of the European Union’s derivatives trading obligation to avoid duplicative requirements for the same swaps.
“We need to fine-tune the regulation after Brexit,” said Ophèle at the Futures Industry Association’s IDX conference in London on June 4. “Especially the derivatives trading obligation regulatory framework in order to avoid having market participants facing two sets of
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