BETTER FINANCE feedback on the supervisory architecture of CCPs

BETTER FINANCE welcomes the opportunity to comment on the Commission’s proposed regulation as regards the procedures and authorities involved for the authorization of CCPs (central counter parties) and requirements for the recognition of third-country CCPs. BETTER FINANCE supports the main elements of this proposal introducing a more pan-European approach to the supervision of EU and third countries CCPs which would enhance the oversight of the Union and third countries CCPs, lead to further supervisory convergence, to stronger and more effective cooperation between the supervisors, and to foster financial stability and competition.

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