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Apr 08, 2015

Eurex Clearing

Financial News: EMIR clearing rules for swaps set for further delay

According to industry experts central clearing for swaps will not be forced on the market for another 12 months. The requirement for a clearing of standardized swaps is part of the European Market Infrastructure Regulation (EMIR) and is meant to reduce systemic risk in derivatives markets.
The continuing differences between the EC and ESMA have now raised expectations that the first phase of clearing under EMIR might not begin before March or April 2016. (Subscription only)