Iosco outlines concerns over Esma assessment of Asian CCPs
Ashley Alder says European cross-border CCP regulation is not relevant to Asian markets
The imposition of inappropriate or irrelevant European standards on Asian central counterparties (CCPs) will give rise to "severe problems", says Ashley Alder, chairman of the International Organization of Securities Commission's (Iosco) Asia-Pacific Regional Committee in a letter to the European Commission.
To deal with cross-border issues arising from the implementation of global OTC derivatives reforms, Iosco set up a cross-border task force led by Alder – who is also chief executive of the
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