timely-confirmation

EMIR - Negative Bestätigung steht im Konflikt zu MaRisk und AGB

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Eine rechtzeitige Bestätigung auf Basis einer "negativen Bestätigug" gemäß Art. 11 EMIR (als Teil der Risikominderungstechniken für bilaterales Geschäft) kann sich in Deutschland vor dem Hintergrund von angrenzenden Bestimmungen aus MaRisk und den AGBs als problematisch darstellen.

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Confirmation timeliness challenges | DerivSource

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A great piece by Nick Fry on DerivSource regrading the changes that Industry will go through in its efforts to comply with regulation requirements. Using figures from the recent ISDA Operations Benchmarking Survey (OBS) in May 2012, he makes his point that  the market will have to change dramatically in order to comply.

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Conforming to EMIR Confirmations

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Michael Beaton over at "Regulatory Reform" has outlined the relevant to-dos for complying with ESMA's "timely confirmation" requirement. Although ESMA wants all required preparations to be in place this Friday (March 15th) - including a regular notification of the national competent authority on outstanding confirmations - the FSA has already said that a pro-active notification is not asked for. Then again, in Germany the "EMIR-Ausführungsgesetz" has entered into force amending certain legislative text (incl.

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