ESRB responds on clearing obligation: ESRB issued a response to ESMA's consultation on the clearing obligation for other OTC interest rate derivatives. The response outlines:

  • ESRB's stance on the use of central counterparties;
  • an assessment of ESMA’s analysis and additional data/information; and
  • ESRB's conclusions and proposals.

(Source: ESRB Response to ESMA Consultation Paper No. 4 on the Clearing Obligation for Other OTC Interest Rate Derivatives)