CCPs object to ‘misleading’ Emir collateral clause

CCPs object to Emir collateral clause

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A clause in the European market infrastructure regulation (Emir) text drafted by the European Parliament, which seems to state central counterparties (CCPs) must accept high-quality corporate bonds and gold as collateral, has been strongly criticised by clearing houses. They say they will only accept forms of collateral that meet their risk management standards. "A CCP should not be forced to accept collateral that does not fit with its risk management regime. It must be able to define a subs

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