In 2009, a new international consensus was formed when the G-20 met in Pittsburgh. International leaders agreed that transparency and oversight of the OTC derivatives market was key to international financial stability.
EMIR RTS Changes on 1st November: will you be ready?
RegTek.Solutions announces service that ensures you will be
3 May 2017, New York & London:
The jump of $150bn at ForexClear is believed to be from the introduction of margining for FX products, a sudden enthusiam to clear them. Shanghai CCP are doing well with OTC rate swaps having added $306bn of notional. Both JSCC and LCH actively use compression methods to eliminate notional hence the drops above. All units in millions of USD, so 1000 below means 1 billion of USD.
In January 2017, ESMA published its Final Report Review of the Regulatory and Implementing Technical Standards on reporting under Article 9 of EMIR, the implementation of which is scheduled for November 1, 2017; the deadline for backloading has been pushed out by two years to February 2019.
The team here at The OTC Space are pleased to announce the availability of the downloadable PDF edition of Rocket 9 featuring four articles on Uncleared Margin Regulation plus 8 articles on a regulation, trading, clearing and post-trade. Get your free copy here, and send one to your colleagues.
A year ago there were several articles and posts marking the 2nd Anniversary of EMIR Trade Reporting, which went live on 12th of February, 2014.
This year, perhaps because of all of the focus on getting ready for MiFID II/MIFIR, it seems like everyone has forgotten to say “Happy 3rd Birthday, EMIR Reporting”!
The European Securities and Markets Authority (ESMA) has issued today a report on Distributed Ledger Technology (DLT). The report sets out ESMA’s view on DLT, its possible applications, benefits, risks and how it maps to existing EU regulation. ESMA’s position is that regulatory action is premature at this stage, considering that the technology is still at an early stage.
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).