Market begs EC for more time to mull euro clearing proposals

Firms given one month to respond on wide-ranging consultation around relocation of euro swaps

Euro more time

Banks and clearing houses are calling for more time to respond to a European Commission consultation designed to push derivatives clearing from London to the EU.

In a February 8 document, the EC put forward wide-ranging proposals that would shape the ability of banks and a broad sweep of buy-side firms – including government borrowers, pension funds and other parties – to clear derivatives trades at their chosen central counterparties. Suggestions range from the blunt – including a capital

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.

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 Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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: