EC derivatives consultation stops short of detail on corporate exemptions

michelbarnier-eu

A consultation paper on derivatives markets infrastructure published yesterday by the European Commission gives extensive detail on requirements for central counterparties (CCPs) that clear over-the-counter derivatives, but has stopped short of explaining exactly how corporate users of derivatives might be treated in the forthcoming legislation. The 25-page consultation document tackles questions relating to the eligibility of derivatives contracts for clearing, the requirements for CCPs, int