Questions abound about Asian CCPs under EMIR

03/13/2013 | Risk.net (subscription required)

The European Commission says that under the European Market Infrastructure Regulation, third-country central counterparties that are recognized by national regulators can continue serving financial institutions in Europe through the end of a six-month transitional period, which ends in September. Then, the CCPs will need to apply for recognition from the European Securities and Markets Authority. Questions remain about which CCP services will be allowed to continue.

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