‘EMIR - a work in progress’ with a brighter future
by Kylene Casanova
- Key timing points
- 0.54 How EMIR reporting is carried out
- 3.02 How LEI usage shows that maybe as little as 20%of corporates in Europe are reporting EMIR data
- 5.31 How intra-company reporting standards and practices have been overlooked
- 6.16 Future of companies not reporting
- 10.44 How mix between different reporting methods will change
CTMfile take: Regulatory reporting is here to stay and is going global. Corporates must be able to report in all jurisdictions.
EMIR reporting began in 2014 and has been ‘difficult’ for all concerned - corporates, banks, services providers and the repositories - as they struggled with dual reporting, ESMA’s tweaking of the standards, the differences between Europe and the USA. In this WEBchat with Neil Macro, Global Sales Director - GMS, Misys we assess the types of reporting used today; the % of corporates reporting, the need for consistency, and the incentives / penalties to report; the future of the different reporting solutions in the multi-jurisdiction world of the future.
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