EC likely to follow a US clearing exemption for FX swaps and forwards
Speaking at FX Week's sister event Risk USA in New York on November 2, Pearson said European regulators would consult with the market and with third country supervisors, and conduct an impact assessment before deciding to mandate central clearing for any class of derivatives. As such, it is unlikely European regulators would come to a completely different conclusion from the US on the need to clear forex swaps and forwards.
"We would expect European regulators, before they even think of taking a
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