EU clearing timeline will not force out FCMs – poll

Around three-quarters of respondents expect clearing providers to stay the course

Esma headquarters

Banks can afford to wait for mandatory clearing to take effect in Europe, according to almost three-quarters of respondents to a poll.

Asked how many banks would close their client clearing businesses if the lion's share of European derivatives users have until 2016 before they are required to start clearing – the likely consequence of draft rules published by the European Securities and Markets Authority (Esma) in July – 72% of respondents said no institutions would shut up shop.


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