Europe’s answer to addressing the risks of over the counter (OTC) trading has been impacting the derivatives market for over a year now,1 and market participants are concurrently finding themselves facing some costly challenges. Now more than ever, the costs of non-compliance with the latest European Market Infrastructure Regulations (EMIR) are demanding strict organizational shifts […]
The European Market Infrastructure Regulation (EMIR) came into force in the EU late last year as part of the worldwide effort to reduce counterparty and operational risk in the over-the-counter (OTC) derivatives market. Last Friday, the implementation of the technical standards of EMIR was initiated, and a long list of requirements now needs to be […]