ESMA's Maijoor calls for coordinated OTC rules

Steven Maijoor, chairman of the European Securities and Markets Authority, has reiterated his appeal for coordination in the reform of the over-the-counter derivatives market. "Conflicting, duplicative and inconsistent requirements" under OTC rules could have "serious consequences for global market liquidity and might even have financial stability consequences," Maijoor wrote in a letter to the House Agricultural Committee.

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