The Lexis®PSL Banking & Finance team regularly publish analysis on EMIR, which are set out in the table below.
| Date | News analysis | Brief description of news analysis |
| 6 February 2017 | Documentation ‘processes’ overwhelming market participants | Antony Bryceson, principal at AB Trading Advisors, says there is a growing feeling that the 1 March 2017 deadline for documenting, and hence achieving regulatory compliance with, the new variation margin (VM) requirements, is unachievable. |
| 29 November 2016 | EMIR Review | This analysis considers the EMIR Review published by the European Commission pursuant to article 85(1) of the European Markets Infrastructure Regulation (EMIR) on 23 November 2016. The EMIR Review provides a summary of the areas where consultation responses and specific input received from various authorities have shown that action is necessary to ensure fulfilment of the objectives of EMIR in a more proportionate, efficient and effective manner. |
| 7 October 2016 | ESMA’s proposals for SFTR and EMIR technical standards | On 30 September 2016, the European Securities and Markets Authority (ESMA) published a consultation paper on draft regulatory technical standards (RTS) and implementing technical standards (ITS) under the Securities Financing Transactions Regulation (SFTR), and amendments to related RTS under the European Market Infrastructures Regulation (EMIR). Pauline Ashall, partner at Linklaters LLP, summarises some of the key points and explains what happens next. |
| 20 September 2016 | Uncleared derivatives—IM and VM credit support documentation | The International Swaps and Derivatives Association (ISDA) recently published a series of credit support documents in relation to margin requirements. Antony Bryceson, managing partner and Jelena Novakova, senior associate at AB Trading Advisors, explain the new documentation and connected issues. |
| 25 August 2016 | New margining requirements for uncleared derivatives | New margining requirements under the European Market Infrastructure Regulation (EMIR) were originally due to be phased in from September 2016 but this has now been pushed back to 2017. Daniel Franks, partner at Norton Rose Fulbright LLP, and Victoria Nevins, associate, explain the new requirements, the impact of the delay and the associated International Swaps and Derivatives Association (ISDA) standard initial margin model (SIMM). |
| 25 August 2016 | ISDA Variation Margin Protocol—what is it about? | Edmund Parker, partner and global head of derivatives & structured products and head of the banking & finance Group at Mayer Brown International LLP London, comments on the International Swaps and Derivatives Association’s (ISDA) 2016 Variation Margin Protocol. |
| 5 August 2016 | Clearing house recovery and resolution—key recommendations for regulators | The Clearing House and the International Swaps and Derivatives Association (ISDA) have issued a White Paper identifying key issues that regulators should consider as they develop a resolution framework for systemically important central counterparties (CCPs), also known as clearing houses. Philippa Hann, partner, financial services litigation at Clarke Wilmott, addresses the key points in the paper, and why the onus is firmly on the clearing houses themselves. |
| 14 July 2016 | Derivatives—H1 2016 roundup | This analysis summarises the developments in the world of derivatives in the first half of 2016, with a focus on EMIR and central clearing. |
| 27 April 2016 | Leverage ratio undermines client clearing under EMIR | David Calligan, partner, and Karen Butler, managing associate, both at King & Wood Mallesons, examine the capital requirements imposed upon banks and assess how industry and regulators have responded. |
| 31 March 2016 | IOSCO—Securities Markets Risk Outlook 2016 | Emma Millington, a solicitor in the LexisPSL Banking team considers the publication of the International Organization of Securities Commission’s (IOSCO) Securities Markets Risk Outlook 2016 report. |
| 7 March 2016 | Equivalence—US and EU equal partners for the purposes of CCP? | Timony Cant, a financial services solicitor at Ashurst, discusses whether the EU’s central counterparties (CCP) regime has equivalence with that in the US, saying that the EU/US joint statement represents a significant move forward in some respects, but there are deep potholes. |
The Lexis®PSL Banking & Finance team regularly publish analysis on EMIR, which are set out in the table below.
| Date | News analysis | Brief description of news analysis |
| 6 February 2017 | Documentation ‘processes’ overwhelming market participants | Antony Bryceson, principal at AB Trading Advisors, says there is a growing feeling that the 1 March 2017 deadline for documenting, and hence achieving regulatory compliance with, the new variation margin (VM) requirements, is unachievable. |
| 29 November 2016 | EMIR Review | This analysis considers the EMIR Review published by the European Commission pursuant to article 85(1) of the European Markets Infrastructure Regulation (EMIR) on 23 November 2016. The EMIR Review provides a summary of the areas where consultation responses and specific input received from various authorities have shown that action is necessary to ensure fulfilment of the objectives of EMIR in a more proportionate, efficient and effective manner. |
| 7 October 2016 | ESMA’s proposals for SFTR and EMIR technical standards | On 30 September 2016, the European Securities and Markets Authority (ESMA) published a consultation paper on draft regulatory technical standards (RTS) and implementing technical standards (ITS) under the Securities Financing Transactions Regulation (SFTR), and amendments to related RTS under the European Market Infrastructures Regulation (EMIR). Pauline Ashall, partner at Linklaters LLP, summarises some of the key points and explains what happens next. |
| 20 September 2016 | Uncleared derivatives—IM and VM credit support documentation | The International Swaps and Derivatives Association (ISDA) |
The Lexis®PSL Banking & Finance team regularly publish analysis on EMIR, which are set out in the table below.
| Date | News analysis | Brief description of news analysis |
| 6 February 2017 | Documentation ‘processes’ overwhelming market participants | Antony Bryceson, principal at AB Trading Advisors, says there is a growing feeling that the 1 March 2017 deadline for documenting, and hence achieving regulatory compliance with, the new variation margin (VM) requirements, is unachievable. |
| 29 November 2016 | EMIR Review | This analysis considers the EMIR Review published by the European Commission pursuant to article 85(1) of the European Markets Infrastructure Regulation (EMIR) on 23 November 2016. The EMIR Review provides a summary of the areas where consultation responses and specific input received from various authorities have shown that action is necessary to ensure fulfilment of the objectives of EMIR in a more proportionate, efficient and effective manner. |
| 7 October 2016 | ESMA’s proposals for SFTR and EMIR technical standards | On 30 September 2016, the European Securities and Markets Authority (ESMA) published a consultation paper on draft regulatory technical standards (RTS) and implementing technical standards (ITS) under the Securities Financing Transactions Regulation (SFTR), and amendments to related RTS under the European Market Infrastructures Regulation (EMIR). Pauline Ashall, partner at Linklaters LLP, summarises some of the key points and explains what happens next. |
| 20 September 2016 | Uncleared derivatives—IM and VM credit support documentation | The International Swaps and Derivatives Association (ISDA) |
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