Esma climbs down on active account reporting rules
Industry in ‘wait-and-see mode’ after Löber comments suggest softer approach by EU regulator
Industry associations are holding their breath after a senior European regulator announced it was backtracking on the imposition of onerous proposed reporting rules as part of the incoming active account requirement for euro-denominated derivatives.
The chair of the European Securities and Markets Authority’s central counterparty supervisory committee, Klaus Löber, said at a hearing of the European Parliament’s Committee on Economic and Monetary Affairs on February 3 that having received a high
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