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9 days ’til EMIR reporting go-live: where are you now?
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29 Jan
2014

9 days ’til EMIR reporting go-live: where are you now?

  • 29th January 2014
  • RegTechFS

JWG analysis. With 9 working days to go before compulsory reporting of derivatives trades becomes a daily reality, firms are in the final phases of implementing their individual solutions.  These differ from firm-to-firm, for example some are planning to report in real-time (as in the US), while others plan to report later within the T+1 Read More

20 Dec
2013

Newsflash: ESMA and EC EMIR reporting update

By: Sam Tyfield Just in time for your holiday, December has seen a cascade of reporting work from ESMA and the EU Commission on EMIR. On December 20, 2014, ESMA release an updated Q&A on EMIR.  Specifically on ETD reporting, see towards the bottom of the page at the link here (I have cut and pasted the relevant paragraphs below, Read More

11 Dec
2013

Banks spared prop trading ‘apocalypse’ … for now

  • 11th December 2013
  • RegTechFS

Today, a final version of the long-awaited Volcker Rule has been published by the five US agencies involved in its drafting.  The rule as finalised is something of a victory for banks owing to multiple broad exemptions and an extension of the timeline.  However, there are many questions still outstanding, and implementation will be a Read More

10 Dec
2013

Beyond EMIR: The future of regulatory data exchange

  • 10th December 2013
  • RegTechFS

One of the things we’ve learnt the hard way in 2013 is that the sell-side need better ways of communicating with their clients.  Maintaining a web of communications between increasingly complex, multi-entity organisations and many thousands of clients is never going to be easy, but new regulatory data demands are making it even harder. EMIR Read More

05 Dec
2013

MiFID II: Sum of the change requirements equals investor confidence?

Dr Anthony Kirby, Chair MiFID BEWG – E&Y MiFID II will be implemented as both a regulation, “MiFIR” (with direct effect in all 28 Member States), and a directive (requiring transposition into national law). The timing of ancillary measures such as revisions to the Market Abuse Regulation (MAR/MAD II) and the Packaged Retail Investment Products Read More

27 Nov
2013

Changes to the European market abuse regime: How can your firm prepare?

  • 27th November 2013
  • RegTechFS

The Market Abuse Regulation (MAR) was adopted back in July.  However, the key changes have yet to show up on many people’s radars.  Whether this is because people aren’t aware of the changes, or because implementation will be largely principles-/outcomes-based, is unclear.  But there are things for firms to do now, especially ahead of MiFID Read More

08 Nov
2013

The race to EMIR reporting: ESMA approves trade repositories for all asset classes

On 7 November, as planned, the European Securities and Markets Authority (ESMA) approved the registrations of the first four trade repositories (TRs) under the European Market Infrastructure Regulation (EMIR).  This means that trade reporting for OTC and exchange-traded derivatives is now due to start in February 2014. The registration of these TRs means that they Read More

31 Oct
2013

Still haunted by EMIR? Could a social media-based utility put to rest your risk mitigation ghouls?

  • 31st October 2013
  • RegTechFS

European banks are currently living in a grey area when it comes to EMIR enforcement.  By ESMA’s account, all institutions should by now have classified their counterparties to derivatives trades.  However, the first tentative steps towards new utilities have yet to take root – so what kind of solutions will the industry opt for? All Read More

30 Oct
2013

Delegated reporting under EMIR: Towards a set of standards?

  • 30th October 2013
  • RegTechFS

With trade repositories expected to be registered by ESMA soon, the date at which trade reporting becomes mandatory is not far off. However, many parties to derivatives trades are still unsure about the finer details of how they will meet this mandate. 7 November is the date by which ESMA expects to have a trade Read More