EU exclusion from CPSS/Iosco working group 'could hinder global regulation'


The exclusion of European Union (EU) institutions from a technical working group set up to review risk management standards for central counterparties (CCPs) could make it difficult for the EU to reflect those standards in its forthcoming legislation on over-the-counter derivatives, a senior European Commission (EC) official has warned.

The working group was established in July 2009 by the Basel-based Committee on Payment and Settlement Systems (CPSS) and the Madrid-based International

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