Just in case you missed it.
Bill at theotcspace.com and the Streetwise Professor reported on the further delay of rule creation/implementation.
From Bill’s blog re: EMIR “the target date for compliance with EMIR is not 1st January 2013. The new dates stated by David were: Clearing from 1H 2013, Reporting in 2H 2013, Trading (OTFs) in 2014″
From Yahoo via the Streetwise Professor, “Global regulators said on Wednesday they will issue proposals in coming weeks on rules to encourage banks to put derivative trades through a central clearing house, but they won’t be ready for the G20 summit in June.” The article also has some pithy things to say about clearing and centralisation of risk – definitely worth a read.