ESMA outlines its approach to reporting on systemic impacts of clearing
PWC UK
OCTOBER 26, 2021
ESMA will identify any difference in basis available between TC and EU CCPs, and model any concentration add-ons. Scenarios proposed from ESMA could be used to provide a basis for a Commission implementation plan that prioritises and shifts activities over varying timescales. So a decision on recognition may not be binary (i.e.
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