European Parliament calls for pension fund swaps clearing exemption
The European Parliament will push to exempt pension funds from mandatory central clearing for over-the-counter swaps on a permanent basis, according to Kay Swinburne, vice chair of the European Parliament's Economic and Monetary Affairs Committee. Speaking to reporters at ISDA's Annual General Meeting in Lisbon today, Swinburne said that recent European Commission proposals for a three-year exemption as part of the European Commission's review of European Market Infrastructure Regulation would likely be extended following negotiations with the European Parliament and...