Esma gears up for Emir challenge
Esma essentials
The Council of the European Union and European Parliament are yet to agree a final text of the European market infrastructure regulation (Emir), but a definitive set of rules is expected before the end of the year. With full implementation due for the end of 2012, in line with a deadline set by the Group of 20 (G-20) nations, it doesn’t give much time for the newly formed European Securities and Markets Authority (Esma) to draw up the technical detail needed to put it into action.
Esma is well
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