Industry Response to the European Banking Authority, European Securities Markets’ Association and European Insurance and Occupational Pensions Authority Joint Discussion Paper on Risk Mitigation Techniques for Trades not Cleared by a Central Counterparty

The Industry believes that in crafting legislation to reduce systemic risk, regulators must strive to strike the right balance between efficient risk management, financial stability while seeking to maintain financial innovation and prudent risk-taking supported by sound business practice and encouraging economic expansion. It is very concerned as to the potential for economic [...]