German development bank gains EMIR exemptions

08/29/2013 | Risk.net (subscription required)

European regulators have given KfW, a development bank owned by the German government, key exemptions from clearing and collateral requirements under the European Market Infrastructure Regulation. Michael Schulze, head of treasury at KfW, says the exemptions are justified because the bank is a public entity. However, similar financial institutions have not received such exemptions.

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