The consultation on the guidelines on the management of conflicts of interest in central counterparties (CCP), which was launched by the European Securities and Markets Authority (ESMA) on 1 June, closed on 24 August. In its response, which was published on Friday 25 August, the financial operator- the London Stock Exchange Group (LSEG) argued that certain aspects of these guidelines were too prescriptive.
“There are several instances where the objectives pursued by the guidance can be...