EC tackling final questions on CCP resolution
Rules on the recovery and resolution of central counterparties (CCPs) are expected to take shape over the next couple of months, according to participants at a Brussels conference on financial reform this week – but key elements, including where to draw the line between recovery and resolution, still need to be settled.
Two new regulatory documents are in the works, which will determine how catastrophic losses should be allocated among clearing house participants. The first is a set of proposals
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