09 Nov 2017

Derivatives Clearing and Brexit: A comment on the proposed EMIR revisions

Karel Lannoo

0
Download Publication

3502 Downloads

No less than three substantive pieces of EU legislation have been proposed over the eight-month period from November 2016 to June 2017, modifying or complementing the original EMIR Regulation of 2012. This contribution analyses the changes that have taken place in EU OTC derivatives markets since the new rules were adopted, and discusses the three drafts. It argues that the European Commission should have assessed risk management with CCPs in more detail and should have proposed a more integrated architecture for the supervision and resolution of CCPs. It further argues that the three proposals should have been part of one single package to facilitate the legislative process of such technical measures.

Karel Lannoo is Chief Executive of CEPS and General Manager of ECMI.

Related Publications

Browse through the list of related publications.

Enhancing capital market financing for Europe’s growth companies

Towards a Resilient and Sustainable Post-Pandemic Recovery Working Group Report of the New Industrial Strategy for Europe Task Force

Healthcare and Pharmaceuticals

Towards a Resilient and Sustainable Post-Pandemic Recovery Working Group Report of the New Industrial Strategy for Europe Task Force

Basel III Finalisation

The impact on EU banks and the real economy across scenarios

Digital labour platforms in the EU

Mapping and business models