EC weighing response to new frontloading fears
EC is discussing issues raised by the new threshold-based approach to clearing. Dealers have described it as a "huge problem"
The European Commission (EC) is aware of industry concerns about a proposed fix to so-called frontloading requirements in the region's derivatives clearing regime and is "considering an appropriate response", says the head of the unit that drafted the original rules.
Frontloading means swaps executed in the run-up to the start of mandatory clearing would later be required to clear. It has been the subject of long-running protests by the industry, which claimed the lack of clarity over the
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