Key facts
- A European Union rule mandates that derivatives market participants clear a representative portion of eligible trades onshore.
- Larger firms are meeting current compliance requirements for derivatives clearing.
- Larger firms have been less enthusiastic than smaller players in relocating significant business volumes into the EU.
Just over a year after a European Union rule obliged its derivatives market participants to clear a representative portion of eligible trades onshore, a key regulator has stated that larger firms are complying with the current rules. However, these larger entities have so far been less enthusiastic than smaller players when it comes to moving significant shares of their business into EU central clearing houses.