November 2010, news round-up

EC likely to follow a US FX clearing exemption, as platforms roll out fractional pricing

The European Commission (EC) is likely to exempt FX swaps and forwards from a mandatory clearing requirement if the US decides to do so, according to Patrick Pearson, head of the financial markets infrastructure unit at the EC.

Pearson said European regulators would consult with the market and with third-country supervisors, and conduct an impact assessment before deciding to mandate central clearing for

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