Deutsche criticised plans, citing the lack of mandates in other jurisdictions
banks Deutsche Bank and Barclays have criticised plans to
extend clearing obligations for interest rate swaps (IRS) to
the six currencies of the European Economic Area
The European Securities
and Markets Authority (Esma) released late on Friday the
banks’ responses to a recent consultation on the
proposed extension of the IRS clearing obligations to Czech
Koruna, Danish Krone, Hungarian Forint, Swedish Krona and
Deutsche Bank said any
extension of the obligations to these currencies would be
inappropriate given the lack of similar mandates in other major
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