ICE's is the last major European clearer needing Emir rubber-stamp
Trade bodies representing the derivatives industry have
warned of disruption if Europe’s main credit
clearing house is not authorised to clear credit default swaps
(CDS) before the relevant rules are sent for final approval in
The International Swaps and Derivatives Association (Isda)
and FIA Europe said in a joint response to the European
Securities and Markets Authority that ICE Clear Europe should
be approved before the regulatory technical standards (RTS) on
clearing credit derivatives are drafted in late November.
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