On August 25, the European System of Central Banks (ESCB), in cooperation with the European Commission (EC), provided its contribution to the EC in connection with the EC’s obligation to provide an assessment of the need for any measure to facilitate the access of central counterparties (CCP) to central bank liquidity facilities as required under Article 85(a)(1) of Regulation (EU) No. 648/2012 on over-the-counter (OTC) derivatives, CCPs and trade repositories (EMIR).
Continue Reading EMIR: ESCB Reports on CCPs Access to Central Bank Liquidity Facilities