AFME comments on EMIR Amendment

13 June 2017

Simon Lewis, Chief Executive at the Association for Financial Markets in Europe commented on the European Commission’s proposed amendments to the supervisory arrangements for EU and third-country CCPs under the European Market Infrastructure Regulation.

 Mr Lewis said:“The Commission's proposal to amend EMIR appears to be a pragmatic approach which will require a more detailed assessment particularly with regard to the treatment of third country CCPs. We are encouraged to see evidence of outcomes based on supervisory cooperation, but would like greater clarity on terminology such as 'substantially systemically important’ CCP.”

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