Pension funds still fear diluted Emir active accounts rule
Clearing five trades in the EU every six months will hit clients that make large, infrequent trades
A political deal on new clearing rules for the European Union is significantly softer than the original draft, but Risk.net understands several national delegations are still fighting for further concessions to ease the burden for the private pensions sector.
“The impact on medium-sized pension funds which don’t trade that frequently is that they may end up with a very high percentage of trades that they have to clear within the EU,” says Matthies Verstegen, head of the Brussels office of
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