Esma has issued a paper that suggests a change to accommodate the US model
Europe has opened the door to a resolution
of its long-standing impasse with the US over clearing
equivalence by issuing a paper that outlines rule changes that
accommodate the US model.
The European Securities and Markets
Authority issued on Monday a consultation paper that proposed
changes to an established piece of regulation "with regard to
regulatory technical standards on requirements for central
counterparties (CCPs) on the time horizons for the liquidation
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