Germany scrambles to shut the door on Mifid open access
Finance ministry will face fine timing to reverse clearing rule during its EU presidency
The scene is set for a scrap over so-called ‘open access’ rules – one of the most politically charged provisions within European market rules for listed derivatives. Germany’s Ministry of Finance is engaged in a last-ditch attempt to prevent European traders having the freedom to choose where to clear their exchange-traded derivatives. It hopes to clinch the deal during Germany’s presidency of the Council of the European Union in 2020. Sources expect the showdown to occur within a highly
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