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On 22 March 2011, the ABBL held a briefing on the European Market Infrastructure Regulation (EMIR). It was also the occasion to present the EUs first trade repository, REGIS-TR, which will be based in Luxembourg and is a joint venture between Clearstream Banking and BME. Following decisions at the G20 and alongside similar moves in the US, the European Commission, in September 2010, published its final proposal for the European Market Infrastructure Regulation, with the aim to introduce greater transparency and better risk management to the over the counter (OTC) Derivatives market. Concretely EMIR, which will be applicable as of 1 January 2013, will introduce a reporting obligation for OTC derivatives, a clearing obligation for eligible OTC derivatives, measures to...
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