Tag: CCPs

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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#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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First ‘equivalence’ decisions for central counterparty regulatory regimes adopted

| October 30, 2014 | 0 Comments

The European Commission has today (30 October) adopted its first ‘equivalence’ decisions for the regulatory regimes of central counterparties (CCPs) in Australia, Hong Kong, Japan and Singapore. The CCPs in these third country jurisdictions will be able to obtain recognition in the EU, and can therefore be used by market participants to clear standardized OTC […]

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