EMIR and Mentor: Difference between pages

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European Market Infrastructure Regulation<ref> http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF</ref> (EMIR) came into force as binding law within the European Union in 2012, although certain of its requirements came into force after a period of delay.
1.


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 contingent large credit exposures that may arise as a consequence.
An independent experienced person in an organisation who advises and supports less experienced employees, sometimes known as 'mentees'.


The Regulation achieves this object by three significant requirements for:
The mentor is normally experienced in the mentee's professional specialism.


• Central clearing and margining of standardised OTC derivatives (with certain exemptions for Non-Financial Counterparties)


• Reporting of all derivative transactions to a trade repository
2.


• Risk mitigation measures for all non cleared derivatives including collateral exchange and  confirmation and reconciliation procedures
A similarly independent person employed by a different organisation from the mentee.




== See also ==
==See also==
* [[Dodd-Frank]]
*[[Association of Corporate Treasurers]]
* [[ESMA]]
*[[Coach]]
* [[MiFID]]
*[[USP]]
* [[Trade repository]]
*[[Working effectively with others]]
* [[Legal entity identifier]]
* [[AIFMD]]
* [[CCP]]
* [[CSD]]
* [[FC]]
* [[NFC]]
* [[RTS]]
* [[UTI]]
* [[SEC]]
* [[CFTC]]
* [[WGMR]]
* [[MCT]]




== Other links ==
==The ACT's Mentor Me scheme==
[http://www.treasurers.org/otc ACT briefing note: European regulation of OTC derivatives: Implications for non-financial companies, April 2013 ]


[http://www.treasurers.org/node/9344 EMIR edges near, The Treasurer, September 2013]
The ACT runs a mentoring matching service for its members and students.


[http://www.treasurers.org/node/9406 Frequently Asked Questions for non financial counterparties - updated December 2013]
[https://www.treasurers.org/cpd/mentoring Mentor Me]


[http://www.treasurers.org/node/9873 Companies hope for relief from EMIR, Sally Percy, The Treasurer, February 2014]
[[Category:Self_management_and_accountability]]
 
[[Category:Working_effectively_with_others]]
 
==References==
<references />
 
[[Category:Corporate_financial_management]]
[[Category:Risk_frameworks]]

Revision as of 21:59, 11 May 2020

1.

An independent experienced person in an organisation who advises and supports less experienced employees, sometimes known as 'mentees'.

The mentor is normally experienced in the mentee's professional specialism.


2.

A similarly independent person employed by a different organisation from the mentee.


See also


The ACT's Mentor Me scheme

The ACT runs a mentoring matching service for its members and students.

Mentor Me