EuroCCP Gains Emir Authorization
The nod was given by De Nederlandsche Bank (BNB), the home authority in the Netherlands. EuroCCP, based in Amsterdam, says that its new license certifies that it complies with requirements for risk management, capital holdings and governance.
"Receiving authorization under Emir is a major step for EuroCCP," says Diana Chan, CEO at the clearing house. "It confirms to clearing participants, their clients and the trading platforms that EuroCCP's risk management framework, operating model and
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