Jonathan Hill has confirmed the clearing rules are expected to be in place as soon as April 2016
The European Commission
on Friday confirmed that mandatory clearing rules for interest
rate products are set to come into force as early as April
2016, implementing a key component of Europe’s
post financial crisis reforms.
Jonathan Hill, EU Commissioner for the
financial services and stability, on Friday told a public
hearing on the Emir review "the first clearing rules for
certain interest rate products might be in place as
soon as April of next year".
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.