Esma still wants more tools to tackle clearing crises
Even after Emir 3 draft, the EU regulator would like more powers over both foreign and domestic CCPs
Senior officials at the European Securities and Markets Authority are calling for lawmakers to confirm additional powers that would help them supervise foreign central counterparties (CCPs), and to be better prepared when future volatility hits cleared markets within the European Union.
In an exclusive interview with Risk.net, senior members of Esma’s independent CCP supervisory committee say the EU’s proposed new clearing legislation is “certainly an improvement” on earlier version of the
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