EC forges ahead with commodity default fund split plans
New rules expected to require Ice Clear Europe to push commodity derivatives into separate fund, despite industry concerns
The European Commission will plough ahead with controversial proposals that would require Ice Clear Europe to break out a separate default fund for its commodity derivatives positions, despite claims that this would be “problematic”.
The draft proposals seen by Risk.net explain that isolating the default fund for commodity derivatives from the rest of the products cleared at central
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