New frontloading threshold stirs up MEPs

"Hard to see" how plans honour EC pledge to avoid harm, says Swinburne

Uncertainty: it's not clear when the RTS will take effect

When the European Securities and Markets Authority (Esma) released final proposals for the clearing of interest rate swaps on October 1, it looked like the industry had won a key battle – the regulator chose to stagger the clearing deadline for financial counterparties, rather than force thousands of firms to start clearing at the same time.

The first wave of these firms would fall into a new category two, with the deadline arriving 12 months after Esma's regulatory technical standards (RTS)

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.

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