"Europeans are the problem" in CCP oversight standoff
Clearing house representatives tell FIA conference that EU’s decision to withhold approval for US regime "has nothing to do with risk management concerns"
The European Commission’s (EC) refusal to recognise rules for US central counterparties (CCPs) as equivalent to those in the EU is putting market stability at risk. That is the claim of three CCP representatives, speaking during a Futures Industry Association (FIA) conference in Chicago this week.
If a green light is not given prior to December 15, European banks would see their capital requirements spike. Supervision in four jurisdictions – Australia, Hong Kong, Japan and Singapore – was
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