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What is European Market Infrastructure Regulation mean?
The European Market Infrastructure Regulation (EMIR) is an EU regulation for the regulation of over-the-counter (OTC) derivatives, central counterparties and trade repositories. It was originally adopted by the EU legislature on July 4, 2012 and came into force on August 16, 2012. Its full technical standards were adopted by the European Commission on December 19, 2012 and came into effect on March 15, 2013.
The regulations include requirements for reporting of derivative contracts and implementation of risk management standards. It established common rules for central counterparties and trade repositories.
The objective of the legislation is to reduce systemic counterparty and operational risk, and help prevent future financial system collapses.
referencePosted on 16 Sep 2024, this text provides information on Miscellaneous in Regional related to Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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