21.9 C
Bucharest
23 May 2019
Economic and financial affairs Files concluded News

Capital markets union: Council adopts updated rules for financial derivative products and clearing

The EU 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.

More details here

Related posts

Demersal fisheries in the western Mediterranean Sea: provisional agreement on new multiannual plan

Iulian Anghel

Council greenlights rules on screening of foreign direct investments

Alexandru Stefan

Minister Delegate for European Affairs George Ciamba co-chairs the Informal Meeting of the Ministers for European Affairs in the EU on the European cultural heritage

Iulian Anghel