Emir forcing European banks in Asia to consider the local subsidiary approach

Division of labour

EU flag

When the European Market Infrastructure Regulation, or Emir for short, became law in August last year, its extraterritorial implications were overshadowed by concern over the international reach of its US equivalent, the Dodd-Frank Act. But the March 15 activation of Emir's implementation standards on central counterparty (CCP) recognition has dragged Emir onto centre stage.

The issues surrounding the ‘US person' definition and Commodity Futures Trading Commission (CFTC) swap dealer registration

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: