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European Market Infrastructure Regulation: Difference between revisions
European Market Infrastructure Regulation (view source)
Revision as of 11:07, 12 January 2015
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Amwelladmin (talk | contribs) (Created page with "European Market Infrastructure Regulation, better known as {{tag|EMIR}} is the result of a final proposal published by the European Commission on 15 September 2010, to inc...") |
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*'''Interoperability rules''': rules on the establishment of interoperability between CCPs. | *'''Interoperability rules''': rules on the establishment of interoperability between CCPs. | ||
The | The {{tag|EU Regulation}} follows, and facilitates within the EU, the commitment made by G20 leaders in Pittsburgh, September 2009, that: | ||
{{box|“All standardised [[OTC derivative]] contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end 2012 at the latest. OTC derivative contracts should be reported to trade repositories. Noncentrally cleared contracts should be subject to higher capital requirements. We ask the [[FSB]] and its relevant members to assess regularly implementation and whether it is sufficient to improve transparency in the derivatives markets, mitigate systemic risk, and protect against market abuse.”}} | {{box|“All standardised [[OTC derivative]] contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end 2012 at the latest. OTC derivative contracts should be reported to trade repositories. Noncentrally cleared contracts should be subject to higher capital requirements. We ask the [[FSB]] and its relevant members to assess regularly implementation and whether it is sufficient to improve transparency in the derivatives markets, mitigate systemic risk, and protect against market abuse.”}} | ||