The starting pistol for mandatory clearing has been fired
By Hans-Ole Jochumsen,
president of global market services at Nasdaq
On March 18, Nasdaq OMX Clearing became the first clearing
house to be authorised as a central counterparty (CCP) under
the European Market Infrastructure Regulation (Emir). Under the
Emir timeline various European bodies, including the European
Securities and Markets Authority (Esma), the Parliament and the
Commission, now have up to 16 months to determine and approve
the final details, after which mandatory clearing will become a
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