Capital markets union: Council adopts updated rules for financial derivative products and clearing - Main contents
Source: Romanian presidency of the EU (Romanian presidency) i, published on Tuesday, May 14 2019.
The EU i will soon have in place simplified rules for non-financial counterparties, small financial counterparties and pension funds using financial derivative products.
The Council today adopted a regulation improving the existing regulatory framework applying to the over-the-counter (OTC) derivative market.
The European Market Infrastructure Regulation (EMIR), adopted in 2012, forms part of the European regulatory response to the financial crisis, and specifically addresses the problems encountered in the functioning of the OTC derivatives market during the 2007-2008 financial crisis.