Investment bank trade body said an agreement could throw up new problems
The world’s most powerful
derivatives trade body has questioned whether a resolution to
the protracted clearing dispute between US and European
regulators may create new unforeseen problems.
Speaking at the 2015 International Swaps
and Derivatives Association (Isda) Annual Europe Conference,
the chairman of Isda Eric Litvack said the proposed clearing
agreement between the US and Europe could prove
Europe has so far failed to grant the
equivalence of US clearing houses, meaning Europe has already
had to postpone the deadline for granting equivalence three
times to avert the prospect of higher capital charges for
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