Stories that matter
Stories that matter
Europe prepares for clearing of FX NDFs
- ESMA started consultation on draft standards for mandatory clearing of FX non-deliverable forwards. The consultation paper starts defining the draft regulatory technical standards (RTS) ESMA has to develop und the European Markets Infrastructure Regulation (EMIR) for the clearing of foreign-exchange non-deliverable forwards.
- ESMA started consultation on draft standards for mandatory clearing of FX non-deliverable forwards. The consultation paper starts defining the draft regulatory technical standards (RTS) ESMA has to develop und the European Markets Infrastructure Regulation (EMIR) for the clearing of foreign-exchange non-deliverable forwards.
ESMA defines mandatory clearing of IRS
- Final draft of the regulatory technical standards has been issued by ESMA for clearing IRS. The report defines the types of IRS contracts which will have to be centrally cleared, the types of counterparties covered by the obligation and the dates by which central clearing of IRS will become mandatory for them. EMIR introduces the obligation to clear certain classes of OTC derivatives in central clearing houses (CCPs) which are either European CCPs authorized by national authorities or third-country CCPs recognized by ESMA.
- Final draft of the regulatory technical standards has been issued by ESMA for clearing IRS. The report defines the types of IRS contracts which will have to be centrally cleared, the types of counterparties covered by the obligation and the dates by which central clearing of IRS will become mandatory for them. EMIR introduces the obligation to clear certain classes of OTC derivatives in central clearing houses (CCPs) which are either European CCPs authorized by national authorities or third-country CCPs recognized by ESMA.