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ARTICLE · 30 SEPTEMBER 2013

Additional EMIR Obligations On Risk Management Take Effect On 15 September 2013

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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In order to address one of the roots of the financial crisis, the G20 countries have committed to address risks related to the derivative markets.

NetherlandsFinance and Banking

In order to address one of the roots of the financial crisis, the G20 countries have committed to address risks related to the derivative markets. As far as the EU is concerned, the European Parliament and the Council have adopted a regulation that requires derivative transactions that are not executed on a regulated market (so-called OTC derivatives) to be cleared, and derivative contracts to be reported. It also sets a framework to enhance the safety of central counterparties and for trade repositories and further regulatory and implementing technical standards (European Market Infrastructure Regulation, "EMIR").

EMIR was adopted on 4 July 2012 and entered into force on 16 August 2012. A first set of EMIR obligations have entered into force on 15 March 2013.

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