Europe edges closer to final Emir clearing timeline
Deadline could arrive in mid-June; pressure to resolve EU-US dispute grows
A review period for Europe's clearing rules is set to expire this weekend without legislators objecting to the text, helping to clarify a series of key dates – but also increasing pressure on European and US officials to settle a two-year stand-off about the approval of US clearing houses. The expiry of the review period means the earliest possible date for the start of mandatory clearing is June 18.
Regulatory technical standards (RTS) that would oblige market participants to start clearing
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