ECB’s Financial Stability Report highlights need for cross-border co-operation on OTC derivatives supervision
The latest Financial Oversight Report published by the European Central Bank on April 19 highlights the need for euro area central banks to co-operate on the creation and implementation of a supervisory framework for over-the-counter derivatives trading in the euro area.
The global nature of OTC markets and the multi-currency nature of several of the infrastructures attached to servicing that market means "requirements for the risk management and use of OTC derivatives infrastructures should be
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