The European body is working hard to define the technical standards for clearing implementation
The chairman of the European Securities and Markets
Authority (Esma) says only two technical standards are missing
from reforms aimed at bringing transparency to the
over-the-counter derivatives markets, writes Jonathan
Steven Maijoor said the body was charged with drafting
around 40 technical standards for the upcoming European Markets
Infrastructure Regulation (Emir), and only two remain
The two missing standards concern determining the clearing
obligation and bilateral margins for uncleared trades.
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