Esma calls for enhanced disclosures in OTC energy markets
LME has already mandated more information on non-cleared positions to help foresee market shocks
A senior official at the European Securities and Markets Authority is calling for more disclosures from over-the-counter derivatives markets, including the energy market, to help clearing houses better manage risks in future crises.
Risk.net asked Klaus Löber, chair of Esma’s central counterparty (CCP) supervisory committee, whether he believed European Union clearing houses should receive disclosures of OTC market positions, akin to those mandated by the London Metal Exchange (LME).
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