EMIR review: a quick fix or a structural improvement?

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’).

ESMA updates its EMIR Q&A

ESMA updates its EMIR Q&A

Monday 20 November 2017 11:43

The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation (EMIR).

ESMA consults on calculation of derivative positions

CCP Notionals Scoresheet

Notionals in IRD have increased since January, some from OIS which has a larger gross notional than IRS. The uncleared margin rules have boosted FX Clear, and the exchange rate from EUR to USD has appreciated increasing the values. SGX appears to be out of FX clearing, notional dropping to zero, the biggest swing is HKEX who quadrupled their IRD notional. 

Understanding the changing landscape of collateral management

TriOptima Video

Watch our latest videos on the collateral management landscape, covering five topics. Jenny Nilsson and I discuss regulation, market readiness, the FX rules and more.

Rocket 10 Downloadable PDF Edition

The team here at The OTC Space are pleased to announce the availability of the downloadable PDF edition of Rocket 10 (in the attachments section below). Formatted in landscape to fit your computer or portable device screen, this edition contains inside information on what's happening in the industry. The PDF is attached below, and contains a great set of articles from previous and new authors.

FCA fines Merrill Lynch £34.5 million for failing to report transactions

The fine was reduced from £49m as ML responded quickly to the issue. It appears their EMIR reporting approach for ETD didn't actually work or go-live from the start of EMIR reporting on 12th Feb 2014 until nearly 2 years later. Ouch - Bill.

Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016.


Bill: an 8 hour video - can someone watch it and tell me the highlights? 

38th Burgenstock Meeting: 15% Discount for OTC Space Readers

The annual Bürgenstock meeting in 2017 is a three day event run by ICDA, the second oldest futures industry association in the world. OTC Space Registered Readers can access a 15% discount to this event.

EMIR Reporting Ready – Get Ahead of November 1st

We have brought our EMIR-Ready offering to life in the video below.

In November ESMA is introducing significant changes to EMIR Reporting –New Fields, New Validations, Changes to DTCC GTR Reports.
EMIR-Ready is a secure hosted service that offers firms the tools to deliver the changes with confidence, on-time and in-budget.