Brussels, 03/02/2015 (Agence Europe) - On Tuesday 3 February, the European Commission published a report recommending that pension funds be granted a two-year exemption, allowing them to continue their derogation from the obligation to use central counterparties (CCPs) for their over-the-counter derivative products.
According to this report, CCPs need this time - which could start from August 2015 - to find appropriate solutions for pension funds. The report proposes “several options”...