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A Practical Guide to the European Market Infrastructure Regulation (EMIR)
Is Your Company Ready?
EMIR stands for European Market Infrastructure Regulation, which came into force on February 12, 2014.It is a regulatory framework enacted by the European Securities and Markets Authority (ESMA), a European Union financial regulatory institution.Its primary aim is to more tightly supervise the trading of all over-the-counter (OTC) derivatives through a set of controlled initiatives, ultimately, in order to mitigate the possibility of a repeat of a financial crisis on a global scale and indeed, to minimise the possibility of financial crises on a lesser scale, through minimising the risks associated with derivative markets.EMIR will undoubtedly have an extensive effect on corporate organisations and financial institutions, though corporates will certainly find adherence to EMIR more challenging than financial institutions, and, in particular, than banks.To discover more download our complete Guide to the European Market Infrastructure Regulation (EMIR)
