June 18, 2018
EMIR 2 Progress at the European Parliament
The European Parliament votes to move forward with changes to EMIR
As spotted by Roger Coenen, the European Parliament voted to move forward with changes to EMIR. Follow the link below for the full text, the highlights of the vote outcome are:
- To adjust the cleared threshold to exclude Small Financial Entities from clearing, based on their portfolio size/volume
- Similarly Non-Financial Counterparties (NFCs) also to see revised threshold for clearing
- That a trade between an FC and an NFC who is outside clearing, should be reported by the FC
- Corporate groups which include an NFC can exclude the NFC from reporting
- Another extension to the Pension fund excemption from clearing as "no solution has been found" to enable them to participate.
Full story here: http://www.europarl.europa.eu/news/en/press-room/20180607IPR05253/revised-rules-for-otc-derivatives
Popular
Most Viewed
Articles
May. 25, 2022
InsurTech gets fit for the future with PwC’s Scale programme
May. 24, 2022
Embedded Finance: When Payments Become An Experience
May. 24, 2022
Staff burnout in banking as a third plan to leave
May. 23, 2022
CME FX Link see 59% increased growth in volumes
May. 23, 2022