A milestone in European CCP policy October 25, 2013 at 10:14 am

News point of the day, from Eurex:

On 11 October 2013, Eurex Clearing received confirmation from its competent national authority BaFin(Federal Financial Supervisory Authority) that Eurex Clearing’s application under Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EMIR) has been determined to be complete.

3 Responses to “A milestone in European CCP policy”

  1. Just want to say that I am enjoying your book on OTC derivatives. A very good overview which I will find useful for my research.

    PS There is a typo in fig. 4.2 where the columns do not match the headers for Size and Rating.

  2. Complete means “ready to be reviewed”, not “authorised under EMIR”.

    Not sure why this is a policy milestone?

    Bill.

  3. Bill – because the clock starts ticking once it is judged complete.