Derivatives
Derivatives play an important role in the economy but are associated
with certain risks. The crisis has highlighted that these risks are not
sufficiently mitigated in the over-the-counter (OTC) part of the market,
especially as regards credit default swaps (CDS). Since the beginning of
the financial crisis, the Commission has been working to address these risks.
On 15 September 2010, the Commission adopted a Regulation on OTC derivatives,
central counterparties and trade repositories. The Regulation introduces a reporting
obligation for OTC derivatives, a clearing obligation for eligible OTC derivatives,
measures to reduce counterparty credit risk and operational risk for bilaterally
cleared OTC derivatives, common rules for central counterparties (CCPs) and for trade
repositories, and rules on the establishment of interoperability between CCPs.
| 14.06.2010 |
Public Consultation on Derivatives and Market Infrastructures
|
| 03.07.2009 |
Enhancing the resilience of OTC derivatives markets
(closed on 31.08.2009)
|
| 20.10.2009 |
The Commission proposes future policy actions to strengthen the
safety of derivatives markets
|
| 03.07.2009 |
The Commission outlines ways to strengthen the safety of derivatives
markets
|
On 25 September 2009, the Commission hosted a high-level
conference to conclude the public consultation
on OTC derivatives markets. Speakers included academics, industry
representatives and regulators, coming from the EU and the US.
-
Agenda
- Video of the day:
- Commissioner McCreevy’s
speech
- Presentations
- Jean-Pierre Zigrand, London School of Economics
- Jan Pieter Krahnen, House of Finance at Goethe University
Frankfurt
- Viral V. Acharya, NYU Stern
- Nadège Jassaud, Banque de France
|
| 31.07.2009 |
Major step towards financial stability: European market for credit
default swaps becomes safer (IP/09/1215) |
| 17.02.2009 |
Letter of commitment
from major dealer banks to clear
European-referenced credit default swaps on one or more European CCPs
|
|
RSS
