It will also reduce the counterparty credit exposures of major participants, which will be reflected in capital requirements for financial institutions. To be safely cleared the contracts that CCPs process must, at a minimum, be sufficiently standardized. And the push to standardize OTC derivatives contracts will have important ancillary benefits for how these markets function.
What would be your opinion in this respect? I am personally impressed by the developments in Russia and certainly the trade relations between Russia and the European Union are very intense, supported by the impetus of robust economic growth in both the euro area and Russia.