Risk Europe: Expanding the scope of Emir needs careful consideration, says Pearson

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A proposal to expand the scope of the European Markets Infrastructure Regulation (Emir) to all derivatives as opposed to just over-the-counter contracts should be subject to careful consideration, said Patrick Pearson, head of unit, financial markets infrastructure at the European Commission (EC), speaking at Risk Europe in Brussels today.

The EC's original proposals, published last September, limited the scope to OTC derivatives, but the Council of the European Union has since amended its

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