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Asian CCPs under pressure from EU third-country equivalence/recognition deadline squeeze
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
Extraterritorial aspects of European legislation such as Emir likely to be keenly felt by Asian firms, says Asifma
Reporting infrastructure built to fulfil Dodd-Frank requirements will need to be revamped to meet Emir standards, say banks
Clearing house and commodity traders voice concerns about European firms going to US due to Emir CCP standards
Esma says national regulators must decide product eligibility for third-country CCP transition period
The European Securities and Markets Authority has addressed some of the concerns over which third-country CCP platforms and products are eligible for the transitional period, which begins on March 15
The deadline is approaching for regulators to establish what European banks can clear and where on Asian CCP platforms ahead of OTC market standards going live from March 15
Key questions in the European Market Infrastructure Regulation (EMIR) include will there be universal initial margining, how will it be calculated, will thresholds be permitted, what will count as eligible collateral, will letters of credit be included...
The first mandatory reporting requirements in Europe could begin in July, but more detail is needed on how the system will work, market participants say
Esma chairman Steven Maijoor denies the supervisor overstepped its authority when drafting clearing rules
Doubt cast over whether a motion to reject two Esma regulatory technical standards will survive a plenary vote on Thursday
The vast majority of respondents feel regulators have not provided them with sufficient information to implement new derivatives rules
Draft European Securities and Markets Authority rules on indirect clearing caused uproar when they appeared in June. The regulator removed the most controversial elements in its final text, but dealers are still in the dark about the capital treatment...
Unclear on clearing