Risk Italia Survey 2013

Respondents to Risk Italia’s 2013 survey say the derivatives industry awaits final rules and timelines from the European regulator before implementing clearing.

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Italy’s financial community is used to uncertainty. The turbulent political scene provides weekly twists and turns, keeping the market guessing and the path to stability elusive. So the unpredictability of the move to OTC clearing will surprise few, with many in the derivatives market well-practised in dealing with the unknown.

The European Market Infrastructure Regulation (Emir) came into force on August 16, 2012, and is still stuttering its way through the implementation phase. The

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