Risk & Return Cape Town: Treasury official calls for clarity on CCP equivalence

Lack of clarity on CCP equivalency leaves South African rules in limbo, says National Treasury's Natalie Labuschagne


South Africa's clearing rules are being held up by a lack of clarity over what European and US regulators require for overseas regimes to be considered equivalent, according to Natalie Labuschagne, director for financial markets and competitiveness at the country's National Treasury.

"The international standards are a moving target at the moment. What we are trying to do is align with them so that we are seen as an equivalent jurisdiction, but we're not sure what we're aligning with at this

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