Supervisors split over flexibility in CCP resolution
European regulators square off over predictability of spillover losses
The level of flexibility regulators would enjoy to deal with spillover losses has emerged as a key battleground as the European Commission hammers out a draft legislative proposal on recovery and resolution for central counterparties (CCPs).
The proposal, which has been heavily delayed and is now due in November, was discussed at a meeting of prudential regulators from all European Union member states on June 27. Two sources with knowledge of the talks say a divide emerged between those who want
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