Corporates fear EU will spike Emir Refit reporting relief
Delegated reporting threatened by policy-maker objections to use of foreign banks
Corporates are fretting that the benefits of a proposed European reprieve from reporting derivatives transactions to trade repositories will be limited, because legislators are divided over how to treat European Union corporates’ trades with non-EU banks.
The European Parliament has proposed allowing foreign banks to report to EU trade repositories on behalf of EU corporates if the banks sign up to a register. But corporates fear the European Commission (EC) and Council of the EU may quash the
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