Industry to make 11th hour plea over Emir scope
The EU council text of Emir could be voted through next week, but a group of industry associations will plead for a late - and controversial - change
A group of industry associations is planning a last-ditch appeal to Michel Barnier, commissioner for internal market and services at the European Commission (EC), for detailed open-access requirements to be added to the European Market Infrastructure Regulation (Emir). As it stands, Emir's provisions apply solely to over-the-counter derivatives markets.
The associations will make their appeal in a letter – a copy of which has been seen by Risk – just days before the Council of the European
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