ESMA Seeks Tighter Oversight of EU Firms' Exposure to Third-Country Clearing Houses

ESMA seeks tighter oversight of EU firms’ exposure to third-country clearing houses

The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, this week launched a consultation on new annual reporting rules aimed at giving regulators a clearer picture of the risks EU firms face when clearing transactions through recognised third-country central counterparties. The proposed framework would require clearing members and clients […]