imported>Doug Williamson |
imported>Doug Williamson |
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| The European Market Infrastructure Regulation<ref> http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF</ref> (EMIR) became law within the European Union in 2012, although certain of its requirements came into force only after a period of delay.
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| 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 maximum global total rate of oil extraction and the date of the maximum rate. |
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| | When global Peak oil extraction has passed, global total oil usage must also necessarily decline. |
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| The Regulation achieves this object by three significant requirements for:
| | Opinions vary about whether global Peak oil will occur in the near future, or whether it has already passed. |
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| #Central clearing and margining of standardised OTC derivatives (with certain exemptions for Non-Financial Counterparties)
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| #Reporting of all derivative transactions to a trade repository
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| #Risk mitigation measures for all non cleared derivatives including collateral exchange and confirmation and reconciliation procedures
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| == See also ==
| | The similarly defined rate and date in relation to a smaller entity, for example an individual country. |
| * [[AIFMD]]
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| * [[Buy-side firm]]
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| * [[CCP]]
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| * [[CFTC]]
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| * [[Clearing]]
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| * [[CSD]]
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| * [[Derivative instrument]]
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| * [[Dodd-Frank]]
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| * [[Dual reporting]]
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| * [[ESMA]]
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| * [[European Union]]
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| * [[FATCA]]
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| * [[FC]]
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| * [[Infrastructure]]
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| * [[Know-your-customer]]
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| * [[Legal entity identifier]]
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| * [[Margining]]
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| * [[MCT]]
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| * [[MiFID]]
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| * [[MiFID II]]
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| * [[NFC]]
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| * [[OTC]]
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| * [[Pension Scheme Arrangement]]
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| * [[RTS]]
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| * [[SEC]]
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| * [[SSR]]
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| * [[Trade repository]]
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| * [[UTI]]
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| * [[WGMR]]
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| ===Other links===
| | A shorthand term summarising the impossibility of basing long term sustainable growth on finite physical resources. |
| [http://www.treasurers.org/otc ACT briefing note: European regulation of OTC derivatives: Implications for non-financial companies, April 2013 ]
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| [http://www.treasurers.org/node/9344 EMIR edges near, The Treasurer, September 2013]
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| [http://www.treasurers.org/node/9406 Frequently Asked Questions for non financial counterparties - updated December 2013]
| | == See also == |
| | | * [[Carbon trading]] |
| [http://www.treasurers.org/node/9873 Companies hope for relief from EMIR, Sally Percy, The Treasurer, February 2014]
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| [https://www.treasurers.org/ACTmedia/EMIR_Consulation_Response_August_2015.pdf ACT's EMIR Consultation Response, August 2015]
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| ===References===
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| <references />
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Corporate_financial_management]]
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| [[Category:Risk_frameworks]] | |
1.
The maximum global total rate of oil extraction and the date of the maximum rate.
When global Peak oil extraction has passed, global total oil usage must also necessarily decline.
Opinions vary about whether global Peak oil will occur in the near future, or whether it has already passed.
2.
The similarly defined rate and date in relation to a smaller entity, for example an individual country.
3.
A shorthand term summarising the impossibility of basing long term sustainable growth on finite physical resources.
See also
