Press releases

Press releases, latest news and views from EVIA

Article reports that upon the implementation of the open access regime under Mifid II next July. Alex McDonald, chief executive officer of EVIA considers that “progress from open access would be ‘portability,’ perhaps a waymark towards ‘interoperability’. EVIA chairman David Clark emphasised that if interoperability was central banks’ main objective, Mifid II could be creating a barrier. On the clearing side, EVIA chief exec McDonald said the 2009 G20 mandate implied that benefits from centrally clearing derivatives should be incentivised by making clearing less expensive. The open access regime however reignites the debate about the fundamental purpose of central clearing and whether CCPs should therefore be profit-making entities. Equally, if a key objective of clearing is to reduce systemic risk, an open model could build an ecosystem that is easier to manage.

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