I think it is important to note that although this legislation is about mitigating commercial risk, it permits a financial entity, not just a commercial entity, a financial entity, which is what a so-called central treasury unit is, to access the clearing exemption.
Warns about financial entities accessing clearing exemptions under new legislation.
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We should be building on the progress we’ve made instead of walking away from a framework that has guided restoration efforts for more than 15 years.
Let’s fight for real change. Let’s get this done and then get to universal coverage.
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