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EU rule on derivative contracts aims for financial stability

Joe Mont | March 2, 2016

The European Commission has adopted a new set of rules that requires certain over-the-counter credit derivative contracts to be cleared through central counterparties. The March 1 decision, a Delegated Regulation, implements the clearing obligation under the European Market Infrastructure Regulation for credit default swaps.

Jonathan Hill“[The] decision marks another step towards making good on our G20...

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