imported>Doug Williamson |
imported>Doug Williamson |
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| ''Financial markets - regulation - infrastructure.''
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| 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 most junior digit in a foreign currency quotation. |
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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.
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| The Regulation is designed to achieve this objective by three significant requirements for:
| | More generally, a minimum price movement for any quoted instrument or asset. |
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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 == | | == See also == |
| * [[AIFMD]] | | * [[Basis point]] |
| * [[Buy-side firm]]
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| * [[Central counterparty]] (CCP)
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| * [[CFTC]]
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| * [[Clearing]]
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| * [[Central securities depository]] (CSD)
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| * [[Derivative instrument]]
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| * [[Dodd-Frank]]
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| * [[Dual reporting]]
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| * [[European Securities and Markets Authority]] (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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| * [[MiFID]]
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| * [[MiFID II]]
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| * [[NFC]]
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| * [[Over the counter]] (OTC)
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| * [[Pension Scheme Arrangement]]
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| * [[Regulation]]
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| * [[Regulatory Technical Standard]] (RTS)
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| * [[Securities and Exchange Commission]] (SEC)
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| * [[Trade repository]]
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| * [[UK EMIR]]
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| * [[UTI]]
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| * [[WGMR]]
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| ==External link ==
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| *[https://www.fca.org.uk/markets/uk-emir UK EMIR - Financial Conduct Authority]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Corporate_financial_management]]
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| [[Category:Risk_frameworks]]
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