EU Risk Watchdog Weighs Greater Transparency On Rules

Law360, London (April 21, 2017, 3:21 PM BST) -- Europe’s systemic risk watchdog floated plans on Friday to make the European Union’s financial markets rulebook more transparent, including proposals on clearing obligations, trade reporting and addressing the use of "haircuts," the difference between prices at which a market maker can buy and sell a security.

The European Systemic Risk Board, set up in 2010 and tasked with EU-wide macroprudential oversight, said the European Markets Infrastructure Regulation, or EMIR, the bloc’s securities rulebook, should be updated to include an emergency mechanism to suspend the clearing obligation...
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