Pirelli: Regulators have lost focus

Corporates unfairly hit by new rules, argues tyre company’s risk head

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On the face of it, the requirement to report derivatives trades to a data repository appears the least disruptive of the various reforms imposed on the over the-counter market. But if a company ends up stuck in a lengthy queue in the days following the deadline, there is only one course of action available – stop trading. Shortly after the February 12 deadline for the European Market Infrastructure Regulation’s (Emir) reporting requirements, Risk found two corporates that had been