On 4 May 2017,

the European Commission published its proposal for an amendment of the European

Market Infrastructure Regulation (EMIR). The Commission calls the proposed

amendment a good example of "better regulation in practice" which is

"essential to the creation of the Capital Markets Union (CMU)".

The proposal follows a report adopted by the European Commission

in November 2016. The EMIR was introduced in 2012 and aimed at more

transparency in the over-the-counter (OTC) derivatives market while providing

for a clearing obligation with respect to OTC derivatives, thereby aiming to

reduce risks to the financial system. read more...