European Securities and Markets Authority (Esma)
New authority will conduct cost-benefit analysis to decide which derivatives should be cleared - but G-20 deadline is not negotiable, says Esma chair in first public speech
Legal precedent suggests European Commission might have to determine which contracts should be cleared under new derivatives rules, rather than Esma as originally planned
More European Securities and Markets Authority (Esma) articles
Ban could harm government debt markets, according to UK DMO – dealers say any prohibition would backfire
Swap clearing legislation threatens to render OTC market commitments redundant
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.