Barnier hints at longer pensions clearing exemption

EC internal markets head says clearing system not ready for pension funds

Michel Barnier
Michel Barnier, European Commission

The European Commission's outgoing head of the internal market and services division, Michel Barnier, has hinted that the EC will extend the temporary exemption pension funds have from mandatory clearing of their over-the-counter derivatives trades beyond 2015.

Pension funds may have to clear their OTC derivatives as early as August 2015, but in an interview with Risk, Barnier says he does not believe the clearing system is ready for pension funds to clear their OTC derivatives trades.

"I don't

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: