Central Banking

ECB's Trichet on central counterparty clearing

In the speech 'Issues related to central counterparty clearing' given on 4 April Jean-Claude Trichet of the ECB said market forces need a sound legal, regulatory and oversight basis to work efficiently.

"In the euro area with its 12 countries, and in the European Union with its 25 countries, the creation of such a sound basis requires first and foremost a certain degree of harmonisation of public principles and standards across countries. Efforts in this direction are ongoing and the

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