Fears of repository overkill as BME announces European initiative
Fears of a trade repository overload for over-the-counter derivatives have been fuelled following this week's announcement by Spanish stock exchange operator Bolsas y Mercados Españoles (BME) it will launch its own repository for all asset classes by mid-2010. The BME's plan goes beyond calls from European politicians for a regional clearing house and could also be seen as a snub to the International Swaps and Derivatives Association (Isda), which has facilitated a process to select two other
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