Revision of the EMIR regulation: a new illustration of Franco-German tensions

You are currently viewing Révision du règlement EMIR : une nouvelle illustration des tensions franco-allemandes
The revised EMIR regulation is due to be voted on in Strasbourg during the April 22-25 session. (Credit: European Parliament)

MEP Aurore Lalucq believes that Paris did everything in its power to scupper a reform that would have favored Frankfurt for the clearing of euro-denominated interest rate swaps. How did it come to this? Did France act in retaliation for Berlin's obstruction of key issues, at the risk of penalizing the European Union?

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