Mon, Mar 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

EMIR reporting more complex and extensive than Dodd-Frank

Monday, July 15, 2013

amb
Renaud Huck
Benedicte Gravrand, Opalesque Geneva:

The derivatives reporting requirements of the new European regulation EMIR are arduous and challenging. But as EMIR's implementation deadline has been post-poned, regulated and unregulated firms have more time to prepare for a compliant reporting process.

The European Market Infrastructure Regulation (EMIR) reporting requirements are more complex and extensive than those contemplated in the Dodd-Frank Wall Street Reform Act and the current European transaction reporting framework, SJ Berwin, an international law firm, writes today in a client alert.

EMIR is an EU regulation for OTC derivatives, central counterparties (CCPs) and trade repositories (TRs) which entered into force last summer.

Among other things, "EMIR requires certain financial counterparties, including banks, insurers, investment firms as well as certain non-financial counterparties, including energy and real estate firms to report details of new, modified or terminated MiFID derivatives contracts to a registered trade repository," the report explains. "Counterparties may also be required to comply with certain risk mitigation requirements, collateralise and in certain circumstances clear their OTC derivative contracts through CCPs."

Unlike Dodd-Frank, the reporting......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He