The decision is an important first step for US CCPs registered with the SEC to be recognised in the European Union as it will allow the US CCPs to apply for recognition by ESMA
“We look forward to bringing our differentiated brand of securities services - led by next generation technology and a dedicated client focus - to both domestic institutional investors in Oman and to international investors," says FAB's Kashif Darr
“Already concerns have been raised around how these can be adopted and whether they should be the solution for EMIR standardisation,” explains Capco’s Stephen McPherson
EACH sees any attempt to alter the current calibration of the CCP’s SIG under EMIR as a potential threat to the risk management benefits provided by CCPs, which were crucial to contain the recent financial crisis
Apex Group, a global financial services provider, is set to acquire GFin Corporate Services, a Mauritius-based licensed management company, providing fund administration services to institutional clients