Indirect clearing to be overhauled in final Esma rules


Final rules on indirect clearing for over-the-counter derivatives, due to be published by the European Securities and Markets Authority (Esma) tomorrow, are expected to include a number of significant u-turns, after June 25 proposals were condemned as "unworkable" by banks.

"We are seeking to regulate an activity that doesn't exist on any scale so far, especially in OTC markets, so Esma has been open in saying there is further work needed on this standard, and we were keen to get constructive

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

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

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