Tag: CCP

Financial stability: Commission welcomes political agreement on new EU rules on the recovery and resolution of Central Counterparties (CCPs)

Financial stability: Commission welcomes political agreement on new EU rules on the recovery and resolution of Central Counterparties (CCPs)

| June 26, 2020

The European Commission has welcomed the 24 June political agreement between the European Parliament and Council on new EU rules related to the recovery and resolution of Central Counterparties (CCPs). CCPs play a systemic role in the financial system as they act as hubs for financial transactions, such as derivatives contracts. They are already well-regulated […]

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#Brexit: Clearing houses likely to clear off

#Brexit: Clearing houses likely to clear off

| June 14, 2017 | 0 Comments

The UK accounts for three-quarters of derivative transactions denominated in euros or other EU currencies. It is estimated that this business is linked to 83,000 jobs in the City of London, writes Catherine Feore. After much speculation, the European Commission’s proposal on clearing counterparties (CCPs) indicates that some CCPs that are of ‘substantial systemic significance’ […]

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#CCPs European Commission and United States Commodity Futures Commission: Common approach for transatlantic CCPs

#CCPs European Commission and United States Commodity Futures Commission: Common approach for transatlantic CCPs

| February 11, 2016 | 0 Comments

Commissioner Jonathan Hill and the US Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad have today (11 February) announced a common approach regarding requirements for central clearing counterparties (CCPs). CCPs are financial market infrastructures which enhance market and financial stability by guaranteeing the obligations of each counterparty to a transaction. Cleared transactions commonly include derivatives […]

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