CCPs fear prescriptive Esma standards on margin and risk

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European regulators are considering a host of prescriptive rules that would limit the ability of central counterparties (CCPs) to set their own risk management policies – a prospect that is causing concern among senior figures in the industry, after the first details were revealed in a European Securities and Markets Authority (Esma) discussion paper yesterday.

"I think we have to find a healthy balance between supervisors' legitimate interest in making sure the system as a whole is secure, and

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