Emir
Mandatory EU clearing to start on June 21 for biggest firms
Rules on the central clearing of interest rate swaps are published in the EU's official journal
Europe edges closer to final Emir clearing timeline
Deadline could arrive in mid-June; pressure to resolve EU-US dispute grows
Irish central bank warns of swaps market shut-out
Official says current clearing capacity “will be saturated” by Emir demand
New firm to join EU derivatives repository melee
Two years into regime, Abide Financial targets trades it sends to Regis-TR
Esma delays EU clearing of Nordic currency swaps
Worries that EU banks would lose customers in non-EU member Norway are likely behind the hiatus
Expected delay to non-EU CCP approval risks frontloading panic
Lawyers predict many CCPs will remain in limbo by the current December 15 deadline, which overlaps with the start of frontloading and ups the pressure on banks ahead of clearing requirement from April 2016
End-users and banks seek radical change to Emir reporting
Dual-sided reporting in Europe is not producing accurate data. Banks and corporates say a single-sided approach will help, while also relieving end-users of operational burdens and costs, but some regulators are not convinced
Esma ‘determined’ to finalise Mifid II rules in September
Market has been expecting a delay; timeline will hinge on board meeting this week
Pension funds in limbo as EC leaves Emir exemption gap
Funds could be subject to CVA charge for period of weeks or months
Corporates fear end to Emir's hedge exemption
Counting all trades towards clearing threshold ‘would be a nightmare’
Esma urges EC to bin frontloading
Benefits of retroactive clearing are "undermined" by its drawbacks, Esma finds
Fresh delay will push EU-US CCP row into September
Decision had been expected in July; dealers sceptical new timeline will hold
Dealers seek equity derivatives carve-out from margin rules
Emir requirements may force dealers to reinvent synthetic equity finance trades
CCP wrangling sparks new frontloading fears
Dealers fear trades could be booked at CCPs they are not able to use
EC's Hill points to April 2016 start for swaps clearing
EC and Esma have agreed rules - legislators now have six months to endorse them
Norwegian adoption of Emir to fix cross-border clash
EU banks will be required to clear Nkr swaps – Norwegian banks currently are not
US vs EU CCP scrap may be settled by margin study
Isda AGM: CFTC and EC analysis aims to end wrangle over merits of 1-day and 2-day margin rules
EC calls for more time to vet foreign CCP oversight
Third extension "necessary and proportionate", says EC internal document
Banks welcome Esma clarification on foreign subsidiaries
Changes mean some guarantees will not count towards the threshold for compliance, reducing the chance of foreign subsidiaries outside EU being caught by Emir
Ice considers moving Brent contract to avoid EU margin hike
Ice says move is “not an outcome we want to see” but Emir margin could drive users away
Pension funds sign hedge-only agreements with banks
Cardano and PGGM promise not to give banks speculative trades as dealers try to limit complexity of EU’s pension fund clearing exemption
EU court to rule on UK challenge to ECB's clearing policy
Verdict due on March 4 in first of three UK complaints about eurozone clearing
Lawyers back Esma in clearing dispute with EC
Esma's objections to the EC's plan to exempt intragroup derivatives trades from clearing are on solid legal ground, say lawyers. But they warn it could further delay the start of clearing
EC to delay frontloading of cleared swaps
The European Commission has written to Esma, informing it of plans to change the frontloading timeline, with the intention of removing uncertainty in the controversial requirement