The Guidelines set out a consistent approach for the calculation of derivative positions by European TRs. Currently, ESMA has registered eight TRs under EMIR.
Calculation of positions in derivatives is crucial for the assessment of systemic risks to financial stability. The positions calculated by TRs will give EU authorities comprehensive sight of derivatives’ exposures. TRs should follow these guidelines to ensure that they produce consistent and harmonised position calculations for public authorities, such as conduct regulators, central banks, prudential and resolution authorities.
The guidelines will be translated into the official languages of the EU and become applicable by 3 December 2018.
Full guidelines
© ESMA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article