Friedrich, Jan; Thiemann, Matthias - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 61-75
This paper examines the supervision of Central Clearing Counterparties (CCPs) in Europe, since they function as an … important pillar of the Capital Markets Union. Our research indicates that the current national-based supervision of CCPs leads … to regulatory arbitrage and exposes the EU to huge financial risks, especially in the context of the Brexit. We claim …