Buy-side derivatives users are mulling becoming direct members of Eurex Clearing under a new agency model developed by the central counterparty (CCP) - but regulators are wary of the risks posed by introducing less regulated entities into the clearing house. Global Clearing is working on a clearing system that will allow buy - side members to clear directly , without bank reporting requirements . Their plans have caused some concern with European banks over risk from lower - rated members .
Global Clearing is working on a clearing system that will allow buy - side members to clear directly , without bank reporting requirements . Their plans have caused some concern with European banks over risk from lower - rated members .