Brussels, 23/07/2013 (Agence Europe) - On Monday 22 July 2013, the EU Council of Ministers decided not to object to the draft delegated act on the EMIR regulation (648/2012) on derivatives, which lays down rules for the operation of central clearing houses (CCP).
The draft legislation lays down criteria for defining relevant currencies and how banks issuing the currencies will participate in the clearing houses. It describes operational organisation, participants and the way the clearing...