McCreevy Calls for Regulatory Overhaul and Continues Campaign for European CDS CCP

Originally appeared in MiFID Monitor

European Commissioner for Internal Market and Services Charlie McCreevy is back on his soapbox this week and he seems to have two particular bees in his bonnet. The first is, of course, the need for an overhaul of the European regulatory landscape to improve what he calls the “patchwork” of domestic supervisory coverage. The second is the lack of progress that has been made towards establishing a European central counterparty (CCP) for the credit default swap (CDS) market.



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