Irish central bank warns of swaps market shut-out

Official says current clearing capacity “will be saturated” by Emir demand

Central Bank of Ireland
Central Bank of Ireland official uneasy over swaps clearing capacity

Smaller European banks, insurers and funds may find themselves shut out of the swaps market from late next year, an official at the Irish central bank has warned. Martin Moloney, head of the bank's market policy department, says it is not clear there are enough big banks willing to provide access to clearing houses, which will affect thousands of swaps users when clearing becomes mandatory under the incoming European Market Infrastructure Regulation (Emir).

"Sooner rather than later, existing

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:

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 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: