Risk España Survey 2015: All quiet on the clearing front

Almost two-thirds of respondents say they are not clearing OTC swaps, up from 53% in 2014

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Patience is the watchword of the year when it comes to banking regulation. Whereas the last 12 months were characterised by frantic activity to ensure over-the-counter (OTC) and exchange-traded derivatives were reported in line with European Market Infrastructure Regulation (Emir), 2015 promises to be a quieter affair.

This is in no small part due to a sequence of postponements to the effective start date of mandatory central clearing in Europe. The European Securities and Markets Authority

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