Clearing discussion still in flux, says Esma chair

The European Securities and Markets Authority (Esma) continues to consider which classes of derivatives should be subject to a clearing obligation and will conduct a cost-benefit analysis and public consultation for each asset class, its new chairman said today.

"At this stage I cannot say for which classes of derivatives the clearing obligation will apply," said Steven Maijoor in his first public speech since taking on the role at Esma, which came into existence in January to succeed the