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SystemicRiskReferences6
| Reference | Title | Link |
| Sourbes, C. (2014) | EU clearing timeline could drive banks out of the business | |
Summary
"Start of widespread client clearing - and revenues that go with it - could be more than two years away under draft Esma rules. Banks could be forced to close their European swaps -clearing business, critics claim, after regulators proposed a timeline that would only compel prospective clients to start clearing at some point in 2016. Many institutions built their businesses on the expectation that it would take of in 2015, or even this year." |
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