Small corporates not reporting derivatives trades: Bafin

Enforcement of Emir reporting rules will be gradual, regulator says

deadline
Smaller corporates have missed Emir deadline

Many non-financial corporates in Europe are still not ready to report their derivatives trades, according to a clearing specialist at Germany's prudential regulator. The regime took effect two months ago, but Stefan Pankoke, deputy director of over-the-counter derivatives markets at the Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin) said enforcement would only be introduced "gradually," in part because the laggards are smaller companies.

"We see that smaller market participants, particu

To continue reading...