Brussels, 09/03/2011 (Agence Europe) - France opposes the idea of allowing pension funds to be exempt from the payment rules for standardised derivatives and wants monitoring of central clearing houses for derivatives (CCPs) to be as European as possible. The ideas are set out in an unofficial document France describes as a “non-paper” (circulated among MEPs) that this newspaper has seen.
Paris sets out serious risks if pension funds were to be made exempt from the payment rule for...