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Final countdown to EMIR underway 

February 7, 2014
Elliott Holley, Banking Technology

A week before the final reporting deadline for the European Commission’s EMIR regulation, tech firms are making a last push to get OTC trade reporting up and running.

EMIR is the European response to the G20 agreement drawn up in Pittsburgh in 2009. The rules essentially state that OTC derivatives must be centrally reported and cleared wherever possible, and traded on an exchange if there is sufficient liquidity. The reporting deadline is 12 February.

Calypso Technology has released a reporting interface for EMIR, designed to be integrated with the Global Trade Repository service operated by US post-trade services utility the DTCC. The GTR is one of six trade repositories approved by the European Securities Market Authority.

Read more: Banking Technology

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