European Commission admitted to CPSS/Iosco working group on CCPs

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The European Commission (EC) has been granted observer status on the steering committee of an influential working group reviewing standards for financial market infrastructures, including central counterparties (CCPs) for over-the-counter derivatives.

The joint working group of the Basel-based Committee on Payment and Settlement Systems (CPSS) and the technical committee of the Madrid-based International Organisation of Securities Commissions (Iosco) formally invited the EC to join earlier this

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