February 5, 2024 (NO COMMENTS)

Last-minute change to Emir 3.0 would include cleared contracts in threshold calculation
A leaked compromise text from European Union trilogue negotiations reveals lawmakers are considering a significant expansion to the scope of rules requiring clearing of over-the-counter derivatives, potentially dragging smaller firms into mandatory clearing.  “It’s really there to try to scope in as many funds as possible and as many financial entities as possible,” says a European industry source. “These are funds that are clearing voluntarily that are going to be penalised for it.” Article 4a of