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EU clearinghouse resolution draft calls for no extra capital raising

By Jack Schickler ( November 28, 2019, 10:16 GMT | Insight) -- Clearinghouses won’t have to raise extra capital to ward against their failure under the terms of a legislative draft, seen by MLex, that has now been agreed among the EU’s governments. The text must subsequently be negotiated with lawmakers from the European Parliament, who in a March 27 proposal suggested imposing significant extra capital requirements on financial infrastructure providers to ensure they have “skin in the game.”Clearinghouses won’t have to raise extra capital to ward against their failure under the terms of a legislative draft, seen by MLex, that has now been agreed among the EU’s governments....

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