EMIR

EMIR : Latest news on IRS Clearing Obligation

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Dear All,

As I was a bit lost regarding the starting date of the IRS Clearing obligation in Europe, I sent a mail to ESMA two days ago to get more information on the implementation calendar. I received an answer yesterday, and I would like to share the response with you, it could be helpful.

I had 2 specific questions:

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EMIR – Aren’t We Done Yet?

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“Haven’t we finished EMIR?”, “I mean, 2012, that stuff is 3 years old right?”

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Centralised solutions for Reporting | ESMA

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Here comes a press release from ESMA announcing the launch of centralised data projects for MiFIR and EMIR.

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Portfolio Compression: Win-Win to Avoid Cherry Picking (Part 3/3)

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Portfolio Compression

Cherry Picking occurs when a company in default collects money from counterparties but waits to pay them only if there is money left when the administration process is completed. Several reasons may prevent from netting values owed against receivables or profits. For example if the jurisdiction does not allow for netting, if there are no netting agreements in place, or simply because contracts are paid in different currencies making it impractical to net, among other reasons. Compressions can help in the challenging task of reducing counterparty risk when netting is not possible.

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Portfolio Compression: A Win-Win Case (Part 2/3)

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Portfolio compression

Portfolio compressions can be useful to manage counterparty risk in derivative transactions. This article is the second of 3 parts and examines how companies can reduce potential future exposure.

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European CCP Authorisation | June 12th

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One more CCP Authorised, sorry that's two. London bus time.

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Duco Selects JDX as Resourcing Partner for Reconciliation Service

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Duco, the new hosted reconciliation and analytics service provider, announced on the 10th of June 2014, the selection of JDX Consulting (JDX), the financial services consulting group, as their resourcing partner for their Duco reconciliations service.

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EMIR : A Progress Report

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The problem is that the rules jump straight to the solution rather than defining success criteria for reducing systemic risk in the global capital markets.

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The Indirect Costs of Central Clearing

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The all-in cost of participating in the OTC derivatives market is about to go up sharply – either through central clearing, or as a result of the new BIS (Bank for International Settlements) margin requirements for non-cleared derivatives, effective from December 2015

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Smooth Sailing Ahead? | Future Regulatory Sqaulls To Come

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Regulatory reforms have been at the forefront since the global financial crisis hit nearly six years ago – and it won’t be taking the back seat for a while yet. 

Market participants working globally may have passed the hurdles of some new OTC derivatives rules under the Dodd-Frank Act and the European market infrastructure regulation (EMIR), but there are more rules to come over the next few years.  As the industry continues to prepare for a deluge of regulation to kick-in, we have put together a list of regulation with the most impact in the next two years:

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