Esma official insists CCP model approvals will speed up
CCP supervision chief says regulator is seeking more human resources for its new responsibilities
Risk model validations will not slow overall under reworked clearing rules, says Klaus Löber, chair of the European Securities and Markets Authority’s central counterparty (CCP) supervisory committee.
His insistence that rule changes will speed up the process comes following industry complaints they’ll do the precise opposite.
“[It] will require discipline from authorities and CCPs alike,” says
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