ECB welcomes European Commission’s CCP proposals
Suggested policy would give all EU central banks greater regulatory role
The ECB has said it is in favour of further proposals by the European Commission (EC) to give the central bank more regulatory powers over central counterparties, or CCPs.
The proposals would also give all the national central banks of the European Union, including those outside the eurozone, a greater role in regulating CCPs.
Two factors are driving plans by the EC and the ECB to increase the regulation of this sector, the ECB says. “Central clearing has become increasingly cross-border in
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