EMIR Central Clearing- speak soon or forever hold your peace
ESMA has launched the first round of consultations in preparation for OTC derivative central clearing. Triggered by the authorisation of the first six CCP’s, each defining a new timeline per unique asset class; ESMA has released different consultation papers for IRS and CDS. Feedback will contribute to the final RTSs submitted to the EC in December. The comment period for IRS closes on 18 August 2014, that for CDS on 18 September 2014. Contributions should be submitted to –
http://www.esma.europa.eu/consultations/overview/10
A detailed analysis of the papers follows soon. Meantime, the full version may be found at-
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