German Regulator Authorizes Eurex Clearing

Eurex Clearing has received regulatory approval to operate as a clearing house in accordance with the European Market Infrastructure Regulation (EMIR).
By Janet Du Chenne(59204)
Eurex Clearing has received regulatory approval to operate as a clearing house in accordance with the European Market Infrastructure Regulation (EMIR).

Germany’s BaFin, the national competent authority under the new regulations, issued the relevant licence to Eurex Clearing following a process among the college of regulators. The college included ESMA, the Eurosystem, several central banks and supervisory authorities from eight Member States.

“Our EMIR authorisation is an important milestone and confirms full compliance of our clearing services with the EMIR rules” says Thomas Book, CEO of Eurex Clearing.

“We are very happy that at this stage Eurex Clearing can provide its clients and members with the clarity and reassurance needed to undertake their readiness planning and onboarding preparation for the looming clearing mandate in Europe.”
The risk assessment report by BaFin concluding full EMIR compliance of Eurex Clearing’s application, was submitted to the College established for Eurex Clearing on 10 February 2014. On 10 April 2014 the authorization was granted within the foreseen timeline.

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