CCPs greenlight ESMA’s efforts to narrow scope of frontloading under EMIR

Hans Ole Jochumsen Nasdaq OMX
By Hazel Sheffield
08 May 2014

Clearinghouses have welcomed the European Securities and Markets Authority’s efforts to shorten the frontloading window for the retrospective clearing of over-the-counter derivatives.

“Frontloading caused a lot of speculation and you could argue that it’s not needed at all,” said Hans-Ole Jochumsen, executive vice president, global market services at NASDAQ OMX in Stockholm. “It’s interesting that the US tried to deal with this but shelved their plans and, so far, we’re the only ...

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