EU drops reporting relief for exchange-traded derivatives
Exemption removed from Emir Refit, but Parliament moots future legislative changes for ETDs
European Union legislators look set to scrap the proposed relief exempting banks from reporting exchange-traded derivatives (ETD) to regulators, although members of the European Parliament have asked if the requirements can be simplified.
“The industry now acknowledges that no ETD reporting probably isn’t going to happen or work, but we need to reach the right level of compromise,” says Chad Giussani, head of transaction reporting compliance at Standard Chartered.
In May 2017, the European
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