Body calls for Europe to consider impact of delays on emerging markets
The World Federation of Exchanges (WFE)
has called for the European Commission to further consider the
impact of delaying equivalence for third country central
counterparties (CCPs) in a letter to the EU’s Lord
The global trade association for exchanges
has implored the commission to consider its concerns over the
potential fallout of delays and poor transparency in European
Market Infrastructure Regulation (Emir) equivalence
determinations for third country CCPs, stating that economic
growth and development in many emerging market economies could
On behalf of members the WFE called for
the Commission and other European authorities to expedite
equivalence determinations in order to avoid negative
"For emerging markets to develop their
capital markets, their exchanges and CCPs must be able to
maintain, develop and grow their links with financial
institutions all over the world,’’
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