Brussels, 30/10/2014 (Agence Europe) - The European Commission says that the central counterparty (CCP) rules in four countries (Australia, Hong Kong, Japan and Singapore) are equivalent to the CCP rules in force in the European Union.
The CCPs in these four countries will be able to obtain recognition in the EU, and can therefore be used by market participants to clear standardised OTC (over-the-counter) derivatives as required by EU legislation (EU Regulation EMIR 648/2012), whilst...