Wednesday October 29 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: European Union
Link: http://www.esma.europa.eu/news/ESMA-publishes-responses-received-consultations-UCITS?t=326&o=home
European Securities and Markets Authority has published responses to the consultations on Calculation of counterparty risk by UCITS and on Delegated acts under UCITS V.
The discussion paper distinguished different clearing arrangements. For each of those clearing arrangements, ESMA analysed the impact of a default of the clearing member (CM) and the client for the calculation of the counterparty risk by UCITS.
Click link above for further details.