AIMA releases position papers on EC derivatives proposals
The Alternative Investment Management Association (AIMA) recently released a couple of position papers setting out its views on proposals emanating from the European Commission dealing with derivatives and credit default swaps. The first considers the key provisions of the EC's Proposal for a Regulation on OTC derivatives, central counterparties and trade repositories, while the second considers the EC's Proposal for a Regulation on Short Selling and certain aspects of Credit Default Swaps.
AIMA also recently responded to the U.S. CFTC's proposals on the process for reviewing swaps for mandatory clearing by stating that, while as many swaps as possible should be subject to clearing requirements, caution should be taken to avoid subjecting unsuitable swaps to clearing by including them within wide groupings of swaps.
