Germany scrambles to shut the door on Mifid open access
Finance ministry will face fine timing to reverse clearing rule during its EU presidency next year
The scene is set for a scrap over so-called ‘open access’ rules – one of the most politically charged provisions within European market rules for listed derivatives. Germany’s Ministry of Finance is engaged in a last-ditch attempt to prevent European traders having the freedom to choose where to clear their exchange-traded derivatives. It hopes to clinch the deal during Germany’s presidency of the Council of the European Union in 2020. Sources expect the showdown to occur within a highly
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