EU drops reporting relief for exchange-traded derivatives

Exemption removed from Emir Refit, but Parliament moots future legislative changes for ETDs

European Parliament Brussels
The Council of the EU and European Parliament have removed the relief from their compromise drafts

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here