Don't make clearing a political football, lawmaker warns

摘要

A European lawmaker last week slammed proposals that would give the European Securities and Markets Authority full oversight of European Union clearinghouses, including the power to decide when third-country firms are required to relocate to the bloc. Kay Swinburne, a member of the European Parliament and vice-chair of its Economic and Monetary Affairs Committee, warned against expanding the supervisory powers of European supervisory authorities, comprising ESMA, EBA and EIOPA, as part of a review of their role.