Banks could quit CCPs that miss Esma deadline

Before European banks can apply lighter capital requirements to trades cleared elsewhere, the relevant central counterparty needs to be approved by the European Securities and Markets Authority. Dozens of venues globally now have less than a month to apply. Lukas Becker reports


Banks face a nasty capital hit unless clearing houses around the world seek approval from the European Securities and Markets Authority (Esma) by September 15 – a deadline 13 central counterparties (CCPs), from South Korea to Switzerland, have told Risk they will meet. But that leaves a host of others that have no plans to apply, or have not shown their hand – and a world of confusion.

Until recently, the Esma authorisation process laid out in the European Market Infrastructure Regulation (Emir)

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here