Eurex CEO questions pace of swaps-rule writing in Europe

11/8/2013 | International Financing Review (free content)

Andreas Preuss, CEO of Eurex, says U.S. exchanges could have a competitive advantage over their European peers because of the slow pace of derivatives rule making in Europe. "Yes, we will see growth [in clearing] on a global scale, but we unfortunately will see a very different speed in the adoption of rules," said Preuss, who was speaking at the FIA Expo. "That for the market is not good news. We will certainly see some developments where people embrace interest rate swaps clearing prior to the mandate, but serious growth in the European environment will not really commence a lot before the obligation is in place."

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