European Commission (EC)

EC: Prepare for FX clearing in US and EU

Senior figures from the European Commission (EC) and European Parliament signalled that an outright clearing exemption for forex was unlikely, at an Association for Financial Markets in Europe conference in Brussels held on January 12.

CCP costs keep creeping up

While US regulators consult the industry over the exemption of foreign exchange products, the systemic risks and increasing costs of using central counterparty (CCP) clearers continue to be highlighted.

Concerns over euro remain despite rescue bid

Last week's news of a €750 billion international rescue package for struggling economies on the edge of the eurozone initially lifted the euro, but concerns persist about the indirect effects of the bailout, and the area's underlying economic prospects.

Europe excluded from CCP talks

The exclusion of European Union institutions from a technical working group set up to review risk management standards for central counterparties (CCPs) could make it difficult for the EU to reflect those standards in its forthcoming legislation on over…

Trial by Greek fire

Peter Luxton, global economic adviser at Informa Global Markets in London, assesses Greece's debt crisis and its impact on the euro.

Concerns raised over CCPs

NEW YORK - Various attendees raised concerns about central clearing at Risk USA in New York - with JP Morgan's chief risk officer even pointing to it as a possible source of the next financial crisis.

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