EU Council backs Emir exemption for corporates
Leaked doc shows majority of members want to keep intra-group reporting relief introduced in 2019
Most national governments in the European Union oppose attempts by the European Commission to reintroduce a requirement for corporates to report details of derivatives trades that are solely for the purpose of transferring risk between group entities, according to a leaked document seen by Risk.net.
The report, dated June 1 and written by the Swedish delegation currently shepherding draft legislation through the Council of the EU, states: “A vast majority of MS [member states] however supports
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