ISDA Responds to the ESMA Consultation Paper on the Guidelines on Reporting under EMIR

On 30 September 2021, ISDA submitted a response to the European Securities and Markets Authority’s (ESMA) Consultation Paper on the Guidelines on reporting under EMIR. Two response documents were submitted: one provides responses to the questions put forward by ESMA and the second document provides comments on the validation and reconciliation rules. In the response, ISDA highlighted a several points including:

  • The application of field reconciliation and tolerance levels
  • The use of UPIs and related reference data
  • The format of TR reports
  • ETDs being reported as OTC derivatives when executed on third country markets

ESMA intend to publish a final report on the EMIR reporting guidance in the first quarter of 2022 based on the response received for this consultation.

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Documents (2) for ISDA Responds to the ESMA Consultation Paper on the Guidelines on Reporting under EMIR

A Positive Step to Improve the FRTB in the EU

As the Basel III capital reforms are finalized for implementation in key jurisdictions, ISDA is maintaining a laser focus on making sure the rules are robust and risk-appropriate. Simply put, if capital requirements are set disproportionately high, this will have...