27 July 2016

44975

Retired Member

1,901Posts 6,084,195Views 2,105Comments
Finextra community

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Interconnection between EMIR recognition and CCPs treatment

28 January 2014  |  1492 views  |  0

In November 2013, the International Organization of Securities Commissions (IOSCO) wrote to the European Commissioner (EC) for Internal Market and Services, highlighting issues regarding the recognition of Asia Pacific central counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR).

IOSCO has now published the EC’s response which sets out the Commission’s approach to assessing the legal and supervisory arrangements of third country jurisdictions with regard to CCPs.  The response states that the Commission recognises the “interconnection” between the EMIR recognition process and the treatment of CCP exposures under the Capital Requirements Regulation (CRR) which means that some CCPs may need to seek recognition under EMIR.  The Commission intends to carefully assess the timeframe to compete the CCP equivalence assessments and will consider extending the EMIR time period in line with the CRR if the Commission considers the relevant criteria have been fulfilled.

Related links:

http://www.iosco.org/committees/aprc/pdf/20131122_APRC_letter_to_EU.pdf

http://www.iosco.org/committees/aprc/pdf/20131220_Response_from_EU_to_APRC_letter.pdf

 

Comments: (0)

Comment on this story (membership required)

Latest posts from Retired

Content Marketing to promote your App

16 May 2016  |  5977 views  |  0 comments | recomends Recommends 1 TagsMobile & online

Crypto-Finance will transform financial services!

11 May 2016  |  2466 views  |  0 comments | recomends Recommends 4 TagsBlockchainPayments

Marketing your App using Social Media

21 April 2016  |  3251 views  |  0 comments | recomends Recommends 0 TagsMobile & online

2 easy ways to use Google AdWords in your app marketing strategy

15 April 2016  |  3746 views  |  2 comments | recomends Recommends 0 TagsMobile & online

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

What Retired reads
Retired writes about

Who's commenting on Retired's posts

Graham Seel
Ketharaman Swaminathan
Gerard Hergenroeder
Konstantin Rabin
Matt Schofield
Anna Robert
Steve Patel
Aparty Behera
Karim Maalouf
Brendan Burge
Stephen Hart
Paul Zaman