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,