European supervisors raise ‘strong concerns’ over Commission’s delay in derivatives regulation
Delay could cause international uncertainty and have ‘significant negative impact’, they warn
The three European Supervisory Authorities (ESAs) have expressed "strong concerns" over the European Commission's decision to delay implementing internationally agreed regulatory trading standards (RTS) on some kinds of derivatives.
Delays in implementing RTS on risk mitigation techniques for non-centrally cleared over-the-counter derivatives could have "significant negative impact", the ESAs said in a letter dated June 30.
The ESAs are the European Banking Authority (EBA), the European
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