Metals traders shun clearing due to Emir, says LME chief
Emir segregated accounts pushing firms to trade OTC, says Jones
The European Market Infrastructure Regulation (Emir) is having the unintended consequence of deterring base metals market participants from clearing their trades, says Garry Jones, chief executive of the London Metal Exchange (LME) and co-head of global markets at Hong Kong Exchanges and Clearing.
Emir, which entered into force in August 2012, introduces reporting requirements for exchange-traded and over-the-counter derivatives, as well as mandatory clearing for many OTC trades. But in an
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Metals
