Indirect clearing rules too demanding, warn EU regulators

EBA and Esma call for clarity on capital relief for exposures to clearing members

call-for-help-web-getty
Request for help: Esas asked the EC to clarify the rules as lawyers struggle to give opinions

Capital relief for indirect clearers is too difficult to obtain because of overly demanding prerequisites for ensuring there will be no losses on the exposures, according to top European regulators who warn clearing could become too expensive if the rules are not better defined.

"A bold statement like ‘there are no losses' is something you cannot say incontrovertibly and is really a factual question. You could say there is a legal framework that is intended or designed to cause no losses, but

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here