May 22, 2014
• DTCC Connection
Preparing for next stage in derivatives reporting
Sandy Broderick, chief executive of DTCC’s global trade repository business, explores the key steps to achieving regulatory compliance with European Market Infrastructure Regulation and warns of imminent deadlines ahead
Three months after derivatives reporting became mandatory in Europe, corporates have made significant strides in meeting their reporting requirements. However, notwithstanding the progress made around the “big bang” of February 2014, a large part of the corporate market is yet to attain compliance with European Market Infrastructure Regulation (EMIR).
Reporting of derivatives trades to European trade repositories, a key requirement under EMIR, began in February 2014.