On May 11, ISDA published a paper providing an overview of the EU clearing landscape following the implementation of the European Market Infrastructure Regulation 3.0 (EMIR 3.0). The paper assesses the early operational impact of the active account requirement, including its role in providing fallback clearing accounts at EU central counterparties (CCPs). In addition, the paper sets out ISDA’s views on the importance of continued and predictable access to global liquidity pools, including through stable, non‑time‑limited equivalence for UK CCPs. Finally, the paper identifies several measures that could enhance the attractiveness and competitiveness of EU CCPs without fragmenting markets.
Documents (1) for ISDA Publishes Overview of EU Clearing Landscape Following EMIR 3.0 Implementation
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