European market infrastructure regulation (emir)
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
Number of legal entity identifiers is sitting at 83,337 – well short of the required total, which is estimated at anything from 100,000 to one million
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More European market infrastructure regulation (emir) articles
Some European hedge funds will be caught between a rock and a hard place when local clearing rules take effect. They are also expected to comply with the US clearing regime, and as things stand, neither jurisdiction is offering a way out. Kris Devasabai...
With days left until derivatives reporting rules take effect in Europe, corporates still have work to do – and they say it’s not all their own fault. Some are still waiting on banks to provide trade identifiers, while others say they have been held...
The OTC market appears to be splitting along jurisdictional lines - a long-predicted outcome of the timing gaps between regulators. But putting it back together again may not be as simple as waiting for all the rules to fall into place
Market participants relying on regulatory forbearance, Isda chief executive tells legal conference
Some funds will have to comply with Dodd-Frank and Emir simultaneously
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.