Tue, Jan 27, 2015
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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r