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Threat to EMIR three-year phasing in of clearing obligation

ESMA has published responses to its consultation on the clearing obligation for credit default swaps under the European Market Infrastructure Regulation or EMIR. For energy companies similar complaints have been written about the current proposal as with interest rate swaps. Under EMIR, energy companies that have a net notional value of their outstanding position above €3bn […]

ESMA publishes EMIR clearing responses

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 […]

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