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...
