The European Commission has today proposed new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs), can be dealt with effectively when things go wrong.
A CCP acts as the intermediary to both sides of a transaction in a financial instrument, including bonds, equities, derivatives andcommodities (such as agricultural products, oil and natural gas)…..
More via press release: http://europa.eu/rapid/press-release_IP-16-3747_en.htm
