European rules on how to resolve distressed derivatives central clearing counterparties (CCPs) are now highly likely to face a sizeable delay due to deadlock between European Union lawmakers negotiating who should be responsible for implementing the rules, say lobbyists and legislators.
“It would be nice to have CCP resolution rules done and dusted soon, but like all these things, the lawmaking process has a pace, and it is difficult to force things through that don’t have the required amount
- Asia moves: Natixis sales head moves to Barclays, new banking head for StanChart Singapore, and more
- Functional programming reaches for stardom in finance
- Banks use machine learning to ‘augment’ corporate sales
- Buy-siders eye ways to get ahead of US resolution stay rules
- Banks hope final FRTB rules will ease NMRF burden