Press Release: Financial stability: New EU rules on central clearing for certain credit derivative contracts

On 1 March 2016, the European Commission adopted a new set of rules that requires certain over-the-counter (OTC) credit derivative contracts to be cleared through central counterparties (CCPs). This decision implements the clearing obligation under the European Market Infrastructure Regulation (EMIR). It refers to some types of credit default swaps.

European Commission: Banking and finance: Financial Markets Infrastructure: Derivatives / EMIR http://ec.europa.eu/finance/financial-markets/derivatives/index_en.htm

ESO: Background Information: Financial stability: new Commission rules on central clearing for interest rate derivatives http://www.europeansources.info/record/press-release-financial-stability-new-commission-rules-on-central-clearing-for-interest-rate-derivatives/

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