Brussels, 21/08/2015 (Agence Europe) - In early August 2015, the European Commission adopted new rules to make settlement compulsory in central clearing houses (CCP) for certain over-the-counter interest rate derivatives contracts.
Implementing EU Regulation 648/2012 on market infrastructure in the EU, the new delegated regulation applies to specific interest rate swaps in euros, pound sterling, Japanese yen and US dollars relating to the benchmark for the derivatives contract, the residual...