Esma warns new foreign clearing house rules could backfire

Löber says euro swaps trading may move away from CCPs that face toughest EU scrutiny

Esma headquarters, Paris
European Securities and Markets Authority headquarters
Photo: Esma

One of the most senior officials responsible for the regulation of foreign clearing houses in the European Union has warned that mooted EU policy could “worsen the status quo” by driving swaps clearing further away from European supervision.

The European Commission is preparing new legislative proposals designed to accelerate the post-Brexit shift of derivatives clearing – especially euro-denominated interest rate swaps – from the UK into EU central counterparties (CCPs) such as Eurex. But

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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

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