Half of European corporates unsure if they are caught in Emir
Some 90% of corporates are nowhere near ready to be compliant with reporting requirements under the European Market Infrastructure Regulation (Emir), and there is a “staggeringly high degree” of confusion surrounding what the rules mean, says François Masquelier, chairman of the Association of Corporate Treasurers of Luxembourg (ATEL).
Unlike the US, European rules require both parties to the transaction to report, with both sides issuing unique trade identifiers (UTI) for individual trades
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