The British Banker’s Association, the International Swaps and Derivatives Association and the Futures and Options Association (‘the signatories’) agree with the HMT’s approach of seeking to ensure that the EMIR porting requirements are specifically recognised under English insolvency law in order to ensure certainty as to the operation and protection of the porting option on the insolvency of a clearing member.
Joint Association Response To HMT’s Informal Consultation On Segregation And Portability
