This paper discusses the potential consequences of the June 2017 European Commission proposal to develop the existing third-country regime for CCPs located outside the EU, based on their systemic impact on the EU. The IRSG is arguing that financial markets operate internationally and that the EU’s proposal goes further than necessary and risks damaging the interests of market users in the EU.
EU Commission proposal for Third Country CCPs
Published 5 Feb 2018
This paper discusses the potential consequences of the June 2017 European Commission proposal to develop the existing third-country regime for CCPs located outside the EU, based on their systemic impact on the EU. The IRSG is arguing that financial markets operate internationally and that the EU’s proposal goes further than necessary and risks damaging the interests of market users in the EU.