The European Commission has the final authority to
decide which over-the-counter (OTC) derivatives are mandatorily
clearable, IFLR can reveal. The powers, will not lie with the
European Securities and Markets Commission (Esma) as originally
Fabrizio Planta, a senior post trading officer at Esma, told
IFLR that the agency will still prepare draft technical
standards, but the Commission must endorse those standards
before the clearing obligation is...