OTC derivatives transactions: Commission adopts report on international treatment of central banks and debt management offices

22 March 2013

The European Commission has adopted a report to the European Parliament and the Council on the international treatment of central banks and public entities managing public debt with regard to OTC derivatives transactions.

The report provides a comparative analysis of the treatment of central banks and debt management offices within the legal frameworks of a significant number of non-EU countries.

This report is a first step towards exempting certain non-EU countries’ central banks and public debt management offices from the scope of Regulation 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR). It will be updated regularly as the reform process advances in the countries where the legislation is not yet final, as well as in other G20 jurisdictions not yet included in the report. 

Source: EXME 13 / 22.03

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