ESMA has just published some responses to its consultation on the clearing obligation for interest rate swaps under the European Market Infrastructure Regulation or EMIR. Some of the responses are concerned the wording in the proposal for the interest rate swaps could mean energy companies would have to start clearing under EMIR sooner than was agreed politically […]
Energy Connections
Energy regulation – what lurks beneath
When a deal was hammered out between EU lawmakers that exempted physical power and gas trades from counting as a derivative, the energy industry breathed a sigh of relief as it looked like it had avoided costly mandated clearing. But as this blog will show, that exemption doesn’t leave energy in the clear from regulations […]
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