Esma official calls for rethink of clearing incentives

Isda AGM: recent market events challenge some of the assumptions on mandatory clearing, says Löber

Klaus Löber

Rules on central clearing may need to be re-calibrated to ensure they do not exacerbate liquidity risk during periods of market stress, according to a senior European regulator.

“One thing that has become evident in the recent events is there seems to be an interplay between OTC and clearing, where it may be necessary to revisit some of the basic assumptions that we had following the global financial crisis, and also to better understand [if] the incentives we set for clearing are still

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