Iosco letter to EC ‘strongly recommends’ PFMI standards for non-EU CCP recognition

International frameworks for CCPs should be the primary source of jurisdictional equivalence assessments, according to Iosco's Alder.

European commission

International standards should form the basis for recognition for non-EU clearing houses by the European Securities and Markets Authority (Esma), according Ashley Alder, chairman of the Asia-Pacific regional committee of the International Organization of Securities Commissions (Iosco).

In June, Alder – also chair of the Hong Kong Securities and Exchange Commission – wrote to Michel Barnier, European commissioner for internal markets and services, following a meeting of 25 capital market

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