Lombard Risk, the provider of regulatory reporting and other solutions, and Clearstream, the international central securities depositary based in Luxembourg, have entered a partnership intended to meet requirements of the pending Phase 3 of the European Market Infrastructure Regulation (Emir) due by September. Emir is intended to reduce systemic risk and boost transparency in the […]
Comstage, the ETF brand of German Commerzbank has announced a rebranding of its entire Luxembourg domiciled ETF range per 12 March 2018 which will now have a distributing rather than accumulating policy. The change of Comstage’s distributing policy is due to recent changes to the German investment tax law. The new Investmentsteurgesetz, which entered into […]
The G20 leaders summit in 2009 kick-started a crucial yet complex process towards central clearing for derivatives. Implementing EMIR, defining consistent rules for CCPs and introducing the clearing obligation are all major tasks. The next logical step is to tackle any risk associated with the new structure – and with the European Commission due to […]
Nasdaq OMX Clearing AB has announced that its fees will be lowered as a result of becoming the first European clearing house to receive approval under the European Market Infrastructure Regulation (Emir).
Richard Frase, partner at Dechert LLP in London, Declan O’Sullivan, partner in Dublin and Conor Durkin, partner in Dublin, have jointly noted the latest ‘chaos’ to hit implementation of the European Market Infrastructure Regulation.
Regulatory changes brought about by Dodd-Frank, EMIR and MiFID II are set to change the role of Futures Commission Merchants, which must respond with new business models and ways of using technology, says Fidessa in its latest White Paper.
Having met deadlines for reporting trades to a data repository under the US Dodd-Frank Act, banks are turning their attention to reporting in the European Union (EU) under the European Market Infrastructure Regulation (Emir) – but they are finding the new regulation throws up more issues than expected.
European authorities should consult on their approach to determining whether foreign derivatives regimes are equivalent to the European Market Infrastructure Regulation (Emir) because these decisions have the power to break up the over-the-counter derivatives clearing system, according to Eric Pan, associate director in the office of international affairs at the US Securities and Exchange Commission (SEC).
The encroachment of the proposed European Financial Transaction Tax has sparked significant and growing concern among asset managers based in the 11 EU member states set to be hit by the measure in 2014.
The first compliance deadline of the European Markets and Infrastructure Regulation (EMIR) comes into force this Friday, catching many financial and non-financial firms unaware, according to consultancy PwC.