Press Release – ESMA begins detailing central clearing of OTC derivatives | Esma
ESMA have issued a discussion paper on how they intend to implement clearing. Many of those in the energy sector will be trying to avoid much of this by staying…
European Commission and CFTC reach deal on EMIR and DF equivalence.
The European Commission and the CFTC have today reached a deal on EMIR and DF equivalence. See the press release here. Comments to follow.
Clearing Houses giving rise to more systemic risk
An interesting article in the FT here about the increasing concerns about the move to clearing simply moving systemic risk to the Clearing Houses, rather than banks. If you recall…
1st EMIR reporting date now on Jan 1 2014
ESMA updated their website today showing both first EMIR reporting dates as Jan 1st 2014. so, according to the current plan, if registries are accepted by 24th September all could go live at once. The ESMA…
New EMIR and REMIT White Paper
Contigo have issued a new white paper on EMIR and REMIT which can be accessed here.
Updated FCA Page on EMIR for NFCs
The FCA have updated their page on EMIR for NFCs. Nothing new spotted but a nice summary.
FSB Comments on OTC Derivatives Regulation
The FSB published this press release on the 25th, which included comments on the urgent need for the various authorities to pull together the information contained (or to be contained)…
Progress on pre-LEIs
The Regulatory Oversight Committee (ROC) for LEIs issued this statement last week following their meeting the week before.It promises guidance very soon so that "pre-LEIs" can be implemented in the…
Pre LEIs required for EMIR
The FCA page now has a note that under EMIR all parties need to use an LEI, (or a "pre LEI). This highlights the fact that for many, the reference data…
Presentation from Clifford Chance on EMIR Timings
See here for an informative presentation on the current timing for EMIR written by Clifford Chance.