EMIR: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Remove surplus link.)
(Mend link.)
 
(2 intermediate revisions by 2 users not shown)
Line 17: Line 17:
* [[Buy-side firm]]
* [[Buy-side firm]]
* [[Central counterparty]]  (CCP)
* [[Central counterparty]]  (CCP)
* [[CFTC]]
* [[Commodity Futures Trading Commission]] (CFTC)
* [[Clearing]]
* [[Clearing]]
* [[Central securities depository]]  (CSD)
* [[Central securities depository]]  (CSD)
Line 36: Line 36:
* [[Over the counter]]  (OTC)
* [[Over the counter]]  (OTC)
* [[Pension Scheme Arrangement]]
* [[Pension Scheme Arrangement]]
* [[Regulation]]
* [[Regulatory Technical Standard]]  (RTS)
* [[Regulatory Technical Standard]]  (RTS)
* [[Securities and Exchange Commission]]  (SEC)
* [[Securities and Exchange Commission]]  (SEC)
Line 44: Line 45:




==External link ==
==External links ==
[https://www.fca.org.uk/markets/uk-emir UK EMIR - Financial Conduct Authority]
*[https://finance.ec.europa.eu/capital-markets-union-and-financial-markets/financial-markets/post-trade-services/derivatives-emir_en EMIR - European Union]
*[https://www.fca.org.uk/markets/uk-emir UK EMIR - Financial Conduct Authority]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Corporate_financial_management]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]

Latest revision as of 19:59, 26 July 2024

Financial markets - regulation - infrastructure.

The European Market Infrastructure Regulation (EMIR) became law within the European Union in 2012, although certain of its requirements came into force only after a period of delay.

The objective of EMIR is to reduce the risks posed to financial systems from the vast web of over the counter (OTC) derivative transactions and the large contingent credit exposures that may arise as a consequence.


The Regulation is designed to achieve this objective by three significant requirements for:

  1. Central clearing and margining of standardised OTC derivatives (with certain exemptions for Non-Financial Counterparties)
  2. Reporting of all derivative transactions to a trade repository
  3. Risk mitigation measures for all non cleared derivatives including collateral exchange and confirmation and reconciliation procedures


See also


External links