ESMA Severely Criticized For Ignoring Interests Of CCPsHira Shahnawaz Akhtar
European Securities and Markets Authority (ESMA) presented a set of Draft Technical Standards earlier this month, with regard to regulation on over-the-counter (OTC) derivatives, Central Counterparties (CCPs), and Trade Repositories.
ESMA has to write about 40 technical standards to meet a G20 pledge for reform of the OTC derivatives market, in order to protect the market participants from significant systematics risk. This pledge is a direct response to . . .
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