EC's Hill points to April 2016 start for swaps clearing
EC and Esma have agreed rules - legislators now have six months to endorse them
Europe's long-awaited swaps clearing regime could take effect from April 2016, according to Jonathan Hill, the European Commission's (EC) commissioner for financial stability, financial services and capital markets union, who was speaking this morning (May 29) at a public hearing in Brussels.
The roll-out of the European regime is a multi-step process and the start date is still not final, but Hill said the EC has now approved the first clearing obligations, which were published by the European
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