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ESMA publishes EMIR clearing responses

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ESMA has just published some responses to its consultation on the clearing obligation for interest rate swaps under the European Market Infrastructure Regulation or EMIR. Some of the responses are concerned the wording in the proposal for the interest rate swaps could mean energy companies would have to start clearing under EMIR sooner than was agreed politically in 2013, if similar wording was used for commodities. I’ll return to this later…