EC’s ultimate OTC goal
On July 4, European lawmakers admitted that new EU rules for
over-the-counter (OTC) derivatives would take longer to pass
than first thought. A solution is not expected until after the
The European Parliament announced that European Market
Infrastructure Regulation (Emir), which contains similar
provisions on clearing of OTC derivatives to Dodd-Frank, would
need closer attention before being forced upon the market.
This is a good decision. The EC is in a mess...