1 Amendments of Bernard MONOT related to 2017/0136(COD)
Amendment 113 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) Due in particular to the obligation to provide central clearing as a result of cross-sectoral G20 cooperation from 2008 onwards, and against a backdrop in which cross-border interoperability has been enforced on market infrastructures, market risks are being concentrated amongst CCPs more than ever before, and the way they are interconnected is increasing the risk of a domino effect and of the global financial system collapsing as the result of just one CCP going bankrupt.