Buy side could miss Emir reporting deadline
Buy-side firms could miss looming deadlines for mandatory trade reporting under the European Market Infrastructure Regulation (Emir), due to a lack of clarity from the European Securities and Markets Authority (Esma) on exactly what it expects companies to report, as well as the complications of dual reporting.
"While we've known trade reporting will be required for a long time, the rule-making process within Europe meant the technical standards drafted by Esma – in other words the detail – came
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