EC threatens higher capital charges for bilaterally cleared trades


Higher capital charges and increased collateral requirements for bilaterally cleared trades could lie at the heart of new legislation of the over-the-counter derivatives markets in Europe to be drafted by the European Commission (EC) in 2010.

In a communication released yesterday, Ensuring efficient, safe and sound derivatives markets: Future policy actions, the EC said it would propose legislation to require financial institutions to post more collateral and hold higher capital against any cont

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