Legal News

Central clearing of OTC interest rate derivative contracts—all change?

Published on: 21 August 2015

Table of contents

  • Original news
  • What is the background to the new Commission rules?
  • What are the main requirements set out in the rules?
  • What should firms do as a result of the new rules?
  • What advice should firms be giving to their clients?

Article summary

Financial Services analysis: The European Commission recently adopted new rules regarding central clearing of certain over-the-counter (OTC) interest rate derivative contracts. Brett Hillis, partner at Reed Smith, along with Joanna T Williams, counsel, and Jennifer Schwalbenberg, associate at the firm, explain the new requirements.

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