Power market must act on clearing to avoid mandatory limits, says EEX CEO
"If the different communities within Europe fail to act on this, and continue to be obstinate, then mandatory clearing has a good chance of being passed by the European Commission in Brussels," said Menzel at a workshop in London run by clearing house European Commodity Clearing (ECC) on March 16th.
"Immediately following the Lehman Brothers collapse we saw a sharp increase in clearing, but two weeks later this dropped down again. We need to see more parties demonstrating their understanding of
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