Europe is gearing up for mandatory swap clearing in line with G20 pledge
The European Securities and Markets Authority (Esma) has
made its first move to detail the central clearing obligation
for certain interest rate and credit default swaps.
As part of the European Markets Infrastructure Regulation
(Emir), previously unregulated over-the-counter (OTC)
derivatives are being swept into the clearing mandate to ensure
transparency and ensure transactions are fully collateralised
if a counterparty goes into default.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.