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24 August 2010

OTC-Derivate: EZB zurückhaltend bei Ausnahmenregelungen für nicht-Finanzinstitute


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The ECB recognises the hedging needs of corporate end-users, but it points out that any loopholes that may undermine the effective implementation of a general clearing obligation should be avoided.


 
The following main points were presented in its position paper:
 
·         The ECB recognises the hedging needs of corporate end-users, however it considers that any loopholes that may undermine the effective implementation of a general clearing obligation should be avoided.
·         In general, any exemptions that may be envisaged for non-financial firms should be conservative.
·         The definition of threshold should be developed in cooperation with the European System of Central Banks.
 
 


© ECB - European Central Bank


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