Emir frontloading: crunch talks due this week

Dealers hoping to escape retroactive EU clearing mandate

esma-building
European Securities and Markets Authority

Dealers are hoping a long-running saga over the retrospective scope of Europe's clearing rules will be settled this week in meetings between regulators and legislators, but they are split on what outcome to expect. Traders claim it is impossible to price transactions that might later have to be cleared, but while some expect regulators to dramatically limit this impact, others are more pessimistic. Three bankers told Risk that a meeting on the issue – known as frontloading – has b