Insiders urge ESMA to keep broad definition of OTC derivatives

03/23/2012 | Trade News (U.K.), The

Market participants asked the European Securities and Markets Authority to ensure that its definition for which over-the-counter derivatives can be cleared be as broad as possible. "An excessively narrow description of legal frameworks and operational processes would encourage an evasion of the clearing obligation," Eurex Clearing said.

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Trade News (U.K.), The

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