Consultation paper Clearing Obligation no1 IRS

Consultation paper Clearing Obligation no1 IRS

from 11 July 2014 to 18 August 2014

Details

With the overarching objective of reducing systemic risk, EMIR introduces the obligation to clear certain classes of OTC derivatives in central clearing houses (CCPs) that have been authorised (European CCPs) or recognised (third-country CCPs) under its framework.ESMA defined the IRS classes to be subject to central clearing following an analysis of all IRS classes which are currently offered for clearing by European CCPs. ESMA’s draft RTS propose to subject the following four
classes: Basis swaps, fixed-to-float interest rate swaps, forward rate agreements and overnight index swaps on a range of currencies and maturities. The clearing obligation will take effect following a phased implementation depending on the types of counterparties.Responding to this paperThe European Securities and Markets Authority (ESMA) invites responses to the specific questions listed in the consultation paper on the clearing obligation no.1.

Please use this “form to reply"
Naming protocol - In order to facilitate the handling of stakeholders responses please save your document using the following format:
ESMA_ClearingObligation_no1_NAMEOFCOMPANY_NAMEOFDOCUMENT: e.g.if the respondent were ESMA, the name of the reply form would be ESMA_ClearingObligation_no1_ESMA_REPLYFORM or ESMA_ClearingObligation_no1_ESMA_ANNEX1
Details on EMIR and the clearing obligation can be found at the following link: http://www.esma.europa.eu/page/OTC-derivatives-and-clearing-obligation

1 RELATED DOCUMENTS
Document available for this Consultation
DateReferenceTitleDocument
11/07/20142014/799Consultation paper Clearing Obligation no1 IRS

Responses

Operations
Activity Institution Download
European Association of Clearing Houses (EACH)
NASDAQ OMX
Federation of European Securities Exchanges
Asset Management EFAMA
Asset Management AFG
Asset Management The Asset Management Group of the Securities Industry and Financial Markets Association
Asset Management BVI
Asset Management Alternative Investment Management Association
Asset Management ICMA Covered Bond Investor Council
Asset Management AMUNDI
Banking FEDERATION BANCAIRE FRANCAISE
Banking UBS AG
Banking FEDERATION BANCAIRE FRANCAISE
Banking Japanese Bankers Association
Banking German Banking Industry Committee / Deutsche Kreditwirtschaft
Banking Deutsche Bank AG
Banking European Covered Bond Council (ECBC)
Banking Intesa Sanpaolo
Banking International Swaps and Derivatives Association and FIA Europe
Banking Luxembourg Bankers' Association, the ABBL
Banking Commerzbank Aktiengesellschaft
Banking Barclays Bank PLC
Banking European Banking Federation
Banking European Banking Federation
Banking Polish Bank Association
Banking Italian Banking Association (ABI)
Banking Association for Financial Markets in Europe
Government, Regulatory and Enforcement Narodowy Bank Polski and Ministry of Finance of the Republic of Poland
Government, Regulatory and Enforcement ESRB
Insurance and Pension Danish Insurance Association (Forsikring & Pension)
Insurance and Pension Insurance Europe
Investment Services AMAFI
Investment Services Managed Funds Association
Investment Services State Street Corporation
Investment Services ASSOSIM
sped54-08-14.pdf (309.02 KB)
Issuers Regulated Covered Bond Counil
Issuers Regulated Covered Bond Council
Others LCH.Clearnet Group
Others Eurex Clearing AG
Others Markit
Others Federation of Finnish Financial Services
Others KDPW_CCP
Others European Federation of Energy Traders (EFET)
Insurance, pension & asset management Investment Management Association
Insurance, pension & asset management Norges Bank Investment Management
Regulated markets, exchanges & trading systems CME Group