The Chair of the Single Resolution Board (SRB), Elke König, has advised the European legislator to give European entities powers to deal with the supervision and resolution of central counterparty clearinghouses (CCP) established in the EU.
"From our perspective, having European institutions dealing with the supervision and resolution at supranational level would make perfect sense. This approach would ensure a level playing field and a truly single rulebook in the EU, which is crucially...