CCPs should be able to refuse to clear OTC derivatives, group says

01/18/2012 | Risk.net (subscription required)

Some industry leaders said central counterparties should be able to decide whether to clear different types of over-the-counter derivatives. The European Securities and Markets Authority originally was given power to establish binding clearing obligations. But CCPs must be considered systemically important and should be able to decide whether to take the risk, an association leader said.

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