ECB’s Russo: indirect clearing model needs work


Regulators need to provide greater clarity on the capital treatment of indirect clearing, according to Daniela Russo, director, general payments and market infrastructure, at the European Central Bank (ECB).

Indirect clearing is included within the European Market Infrastructure Regulation (Emir), and allows clients of clearing members to clear trades on behalf of their own customers. In other words, a trade would be submitted for clearing by a client of a client of a clearing member of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account