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  • OCC Comment Letter Encourages European Commission To Extend Transitional Periods For Own Funds Requirements For Exposures Related To CCPs

    Date 04/05/2017

    In connection with its application to be recognized as a Qualifying Central Counterparty, OCC encourages the European Commission in a letter to extend transitional periods for own funds requirements for exposures related to CCPs. As noted in a prior comment on the last implementing regulation that extended the transitional periods to June 15, 2017, OCC agrees with the concerns expressed in the draft regulation that European institutions could be harmed and markets could be disrupted if the transitional periods are not extended to December 15, 2017.

  • European Commission - Fact Sheet: Questions And Answers On The Proposal To Amend The European Market Infrastructure Regulation (EMIR)

    Date 04/05/2017

    What is EMIR and why is the Commission proposing to amend it?

    The European Market Infrastructure Regulation (EMIR) is a centrepiece of the legislation introduced in the wake of the financial crisis to make financial markets safer and more stable. Specifically, EMIR aims to reduce risks to the financial system arising from derivatives transactions by increasing the transparency of the over-the-counter (OTC) derivatives market – a market in which derivative contracts are not traded on an exchange, but privately negotiated between two counterparties. The regulation also strives to mitigate the counterparty credit risk and reduce the operational risk associated with OTC derivatives (for technical terms, see glossary at the end of the MEMO).

  • European Commission Proposes Simpler And More Efficient Derivatives Rules

    Date 04/05/2017

    The European Commission is today proposing some targeted reforms to improve the functioning of the derivatives market in the EU. The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory burdens for market participants without compromising financial stability. A good example of better regulation in practice, this is essential to the creation of a Capital Markets Union (CMU), a key part of the Investment Plan for Europe, and for investments, growth and jobs by improving the efficiency of the market while maintaining prudential objectives.

  • European Commission - Speech Speech By Vice-President Dombrovskis On EMIR REFIT

    Date 04/05/2017

    Today, the European Commission is taking another step in the fine-tuning of our financial sector framework, which we have put in place since the crisis. We are proposing targeted adjustments to the European Market Infrastructure Regulation. We are also setting out a process to consider necessary changes in the supervision of critical clearing infrastructure.

  • Borsa Italiana Monthly Update - April 2017

    Date 04/05/2017

    Click here to download Borsa Italiana's monthly update.