EMIR
Posted by JBVR on domingo, septiembre 30, 2018
The European Market Infrastructure Regulation (EMIR) is a body of European legislation for the regulation of over-the-counter derivatives.
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.
