On 4 May 2017,
the European Commission published its proposal for an amendment of the European
Market Infrastructure Regulation (EMIR). The Commission calls the proposed
amendment a good example of "better regulation in practice" which is
"essential to the creation of the Capital Markets Union (CMU)".

The proposal follows a report adopted by the European Commission
in November 2016. The EMIR was introduced in 2012 and aimed at more
transparency in the over-the-counter (OTC) derivatives market while providing
for a clearing obligation with respect to OTC derivatives, thereby aiming to
reduce risks to the financial system. read more…

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