Europe should consult on Emir equivalency – SEC official
The EC and Esma should consult on the process for determining equivalency with Emir, says Eric Pan of the SEC
European authorities should consult on their approach to determining whether foreign derivatives regimes are equivalent to the European Market Infrastructure Regulation (Emir) because these decisions have the power to break up the over-the-counter derivatives clearing system, according to Eric Pan, associate director in the office of international affairs at the US Securities and Exchange Commission (SEC).
The European Securities and Markets Authority (Esma) is currently preparing technical
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