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New regulation of derivatives comes into force 

January 15, 2015

Indo Business, Irish Independent 

Irish companies that hold derivatives positions including foreign exchange swaps used to hedge currency risks, and so called contracts for difference (cfds) have been requested to notify the Central Bank.

Under new European Market Infrastructure Regulations (EMIR) that came into force last year all European companies that use so-called financial derivatives must report them to one of eight central registers.

Derivatives were described as "financial weapons of mass destruction" in the wake of the global banking crisis.

Read More: Irish Independent 

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