Regulators take differing views on reporting fines
Fines of more than €5 million could be dished out to institutions that fail to comply with reporting requirements that kick in on February 12, with non-compliant firms potentially facing a confusing array of penalties as national regulators take widely different views on fines.
The rules under the European Market Infrastructure Regulation (Emir) require firms to report over-the-counter derivatives transactions to trade repositories or face penalties, even though many buy-side firms are
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