Esma still open to minimum thresholds for onshore clearing
Final active account rules ease reporting burden, but no guarantees on outcome of 2026 review
The European Union’s top clearing house supervisor won’t rule out the possibility of setting hard thresholds for the onshore clearing of euro interest rate swaps, following the publication of final technical rules on the subject. The rules, published by the European Securities and Markets Authority on June 19, are due for review 12 months after they are approved by the European Commission.
“At that
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