Mandatory EU clearing to start on June 21 for biggest firms

Rules on clearing of interest rate swaps enter EU's official journal

European Parliament
European Parliament

The biggest counterparties in the European Union will have to start clearing interest rate swaps from June 21, 2016, after the long-awaited rules were signed into Europe's official journal today (December 1).

Risk.net reported on November 20 that the European Parliament was planning to let its scrutiny period for the clearing obligation expire on November 21 without objection, meaning the rules could appear in the official record of EU laws any time after. 

The official journal states that under

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