Brussels, 04/03/2015 (Agence Europe) - The General Court of the EU has found that the ECB cannot require the central counterparties (CCP) to be located in the eurozone.
In July 2012, the ECB adopted an oversight framework laying down the role of the Eurosystem in monitoring the payment, clearing and settlement systems. According to the ECB, major central counterparties, which have a daily net credit exposure of more than five billion euros in any of the main categories of products marked in...