The EMIR Review will bring further regulatory changes which we will help you anticipate. GDPR affects every person and company inside and many outside the EU, including trading systems, your personal address book, and the way you hand out business cards.
Mandated clearing means your OTC portfolio is bifurcated and brings new clearing costs. In this webinar we will explain the drivers and options for measuring and managing clearing costs from many angles. Any one of the ideas presented could make a material difference to your profitability.
ESMAs review of TRs (as shown in the fact sheet summary below), indicates that clients do not find it easy to compare pricing across TRs. ESMA doesn't offer any action plan at this point, only to share these observations, and perhaps behind the scenes work with TRs to make price comparisons easier.
On 4 May 2017, the European Commission published its legislative proposal for the long-awaited review of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (‘EMIR’).