Emir clearing mandate for NFCs is unjustified – EDF Trading
No good reason to subject energy firms to mandatory clearing, says firm's head of regulation
European Union policy-makers should reconsider the rules requiring certain commodity firms to clear all their over-the-counter derivatives transactions, according to the top regulatory official at EDF Trading, the London-based trading arm of French multinational utility EDF.
Cemil Altin, head of regulatory affairs at EDF Trading, warned it would be costly to impose mandatory clearing on so-called nonfinancial counterparties (NFCs) and the move would have no appreciable benefit in terms of
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