Fri, Nov 27, 2015
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

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November