On Wednesday 4 December, the Member States' ambassadors to the EU (Coreper) will agree a political agreement in principle on the proposal for a regulation on the establishment of a framework for the redress and resolution of central clearing houses (CCPs). Long blocked in the EU Council, the text is now to be unanimously supported by the Member States, according to a European source.
These clearing houses provide the link between two parties to a financial transaction. Their purpose is to...