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ARTICLE · 21 JULY 2014

Financial Regulatory Developments Focus - 15 July 2014

A&O Shearman
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In this newsletter, we provide a snapshot of the principal European, US and global financial regulatory developments of interest.

GlobalFinance and Banking
A&O Shearman
A&O Shearman
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In this newsletter, we provide a snapshot of the principal European, US and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructures, asset managers and corporates.

Our latest quarterly Governance & Securities Law Focus newsletter is available at: http://www.shearman.com/~/media/Files/NewsInsights/Publications/2014/07/Governance-and-Securities-Law-Focus-Europe-CM-071114.pdf.

DERIVATIVES

First EU Asset Classes for Central Clearing Obligation Proposed

On 11 July 2014, the European Securities and Markets Authority ("ESMA") launched its first consultation on asset classes of derivatives to be subject to mandatory clearing under the European Markets Infrastructure Regulation ("EMIR"). ESMA's consultation papers included draft regulatory technical standards ("RTS") for clearing of interest rate swaps and credit default swaps through central clearing houses authorized or recognized under EMIR. ESMA

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