CRD IV should reflect Emir exemptions, says Bowles
Chair of European Parliament's Econ committee believes CRD IV should mirror Emir corporate exemptions, but has not yet decided whether sovereign counterparties should enjoy the same benefit
Corporates worried about a post-Basel III derivatives price hike have an ally in Sharon Bowles, chair of the European Parliament's Economic and Monetary Affairs Committee (Econ). Speaking today at a roundtable event in London, Bowles argued the clearing exemption granted to corporates in the European Market Infrastructure Regulation (Emir) – on the grounds that they do not have enough eligible assets to post collateral – should be accompanied by an exemption in Basel III's capital rules.
Without
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