Esma under pressure to opine on asset-class specifics in Emir

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The lack of clear asset-class-specific rules and implementation timelines for the European Market Infrastructure Regulation (Emir) remains a major concern for market participants, following a public hearing last week on draft technical standards published in February.

The hearing was hosted in Paris on March 6 by the European Securities and Markets Authority (Esma), which is responsible for drafting and implementing technical standards under Emir. As part of that responsibility, Esma will need

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