The insurance industry has been overwhelmed by the need to report derivatives positions under new EU rules that came into effect on February 12. Blake Evans-Pritchard reports on how they have coped
By any standards, Europe’s new reporting regime got off to a bad start. Many companies were not ready to comply; some repositories were not able to cope with those that were. Regulators, meanwhile, did...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
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Market participants detect new mood on cross-border issues: "The two clearing regimes aren't really compatible, but neither side wants to start a shooting war"
Two companies say they have not been able to report to the DTCC's repository, and stopped trading swaps as a result
A requirement to report trades under the European Market Infrastructure Regulation kicked in on February 12, creating a rush to comply among energy derivatives market participants. Some firms have struggled with the rules, and say a lack of support from...
"We need a solution," says Esma spokesman
Emails to customers cite backlogs in rates and exchange-traded derivatives - users say repository has been "victim of its own success"
Commodity derivatives end-users hit hard by Emir reporting rules, say industry sources, especially smaller firms
Regulators have left industry to come up with Emir trade identifiers - a huge mistake, according to one corporate treasurer
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future