Featured Product

    ESMA Issues Final Standards on Derivatives Data by Trade Repositories

    July 10, 2017

    ESMA issued final regulatory technical standards on the aggregation and publication of derivatives data by trade repositories, under Article 81 of European Market Infrastructure Regulation (EMIR). ESMA has sent these final standards to the EC, which has three months to decide whether or not to endorse them.

    The final regulatory standards define the operational standards for aggregation and comparison of aggregate position data across trade repositories. The standards set out several additional requirements to better specify and enhance the quality of data that is to be made publicly available by trade repositories and to allow the publication of aggregated figures that are required by the second Markets in Financial Instruments Directive, or MiFID II, and the Benchmarks Regulation. The final standards also include further clarifications about publication of data by trade repositories, specifically on calculation of market activity and outstanding volumes for on and off-venue traded derivative and on the avoidance of double-counting across different trade repositories.

     

    Under the EMIR (EU No 648/2012), the derivative contracts must be reported from both sides. This often includes several parties, such as brokers and clearing members, that stand between the counterparty and the central clearing counterparty. To ensure that the end users are able to aggregate and compare the aggregate position data published by trade repositories, these standards establish general rules by defining the:

     

    Frequency and timeliness of publication

    General technical aspects of aggregation for publication

    Details of aggregations for benchmark and commodity thresholds

     

    Related Link: Final Standards (PDF)

    Keywords: Europe, ESMA, EMIR, Securities, OTC Derivatives, regulatory Technical Standards, Trade Repositories

    Related Articles
    News

    APRA Revises Related Entities Standard for Banks

    APRA published a strengthened prudential standard APS 222 on associations with related entities, with the aim to mitigate contagion risk within banking groups.

    August 20, 2019 WebPage Regulatory News
    News

    HKMA Revises Implementation Schedule for Initial Margin Rules

    HKMA intends to adopt a revised implementation schedule for the margin requirements for non-centrally cleared derivatives.

    August 16, 2019 WebPage Regulatory News
    News

    HKMA Revises Guideline on Application of Banking Disclosure Rules

    HKMA issued a revised version of the Supervisory Policy Manual module CA-D-1 on guideline on the application of the Banking (Disclosure) Rules (BDR).

    August 16, 2019 WebPage Regulatory News
    News

    ECB Decision on Recognizing Reporting Member States Under AnaCredit

    ECB has finalized the Decision 2019/1348 (ECB/2019/20) that establishes procedure for recognizing non-euro area member states as reporting member states under the AnaCredit Regulation (EU 2016/867).

    August 16, 2019 WebPage Regulatory News
    News

    FASB Proposes to Extend CECL Standard Deadline for Certain Entities

    FASB proposed an Accounting Standards Update that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.

    August 15, 2019 WebPage Regulatory News
    News

    IASB Adds Phase Two of IBOR Reform to Its Work Plan

    IASB (or the Board) has added the second phase of its project focused on potential financial reporting implications linked to the interest rate benchmark reform—interbank offer rate (IBOR) reform—to its work plan.

    August 15, 2019 WebPage Regulatory News
    News

    FED Updates Draft Instructions for Proposed FR Y-14 Reporting Forms

    FED updated draft instructions for the monthly, quarterly, and annual capital assessments and stress testing reports, also known as forms FR Y-14M, FR Y-14Q, FR Y-14A, respectively.

    August 15, 2019 WebPage Regulatory News
    News

    FASB Proposes Taxonomy Changes Related to Topics 326, 815, and 842

    FASB is proposing taxonomy improvements for the proposed Accounting Standards Update on clarifying the interactions among topic 321 on investments in equity securities), topic 323 on investments under equity method and joint ventures), and topic 815 on derivatives and hedging.

    August 15, 2019 WebPage Regulatory News
    News

    OCC Updates Bank Accounting Advisory Series in August 2019

    OCC released an update to the Bank Accounting Advisory Series (BAAS), which reflects accounting standards issued by FASB, through March 31, 2019, on topics such as hedging and credit losses.

    August 15, 2019 WebPage Regulatory News
    News

    APRA Consults on Final Phase Margin Rules for Uncleared Derivatives

    APRA is consulting on amendments to the prudential standard CPS 226 on margin and risk mitigation requirements for non-centrally cleared derivatives.

    August 14, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3656