The decision is an important first step for US CCPs registered with the SEC to be recognised in the European Union as it will allow the US CCPs to apply for recognition by ESMA
“Already concerns have been raised around how these can be adopted and whether they should be the solution for EMIR standardisation,” explains Capco’s Stephen McPherson
The annual revealed that NCAs and other authorities imposed a total of €88 million in fines related to 339 administrative and criminal actions under MAR
Convergence and having the same common goal is extremely important within the financial services industry, according to panellists at the DTCC Forum on challenges and priorities in global post-trade