Trade bodies, exchanges and investment banks have raised concerns over Esma's plan to mandate OTC clearing
Europe’s trade bodies and top futures traders
have challenged Europe’s 18-month frontloading
implementation for buy-side firms, arguing it could cause price
uncertainty and market disruption.
The European Securities and Markets Authority (Esma) is
currently consulting on the introduction in 2016 of the
European over-the-counter clearing mandate in line with the G20
pledge on financial reforms.
The European Securities and Markets Authority (Esma)
proposed last month to allow 18 months for thousands of
European firms to prepare for the upcoming clearing rules.
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