FCA Expresses Concern over System Readiness for EMIR Compliance

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King delivered a presentation from the FCA at the event.

Speaking during a presentation on the effects of derivatives regulation at the Buy-Side Technology European Summit, Barry King, technical specialist in the markets infrastructure and policy department at the FCA, said that the common thread in conversations with buy-side firms has been the dependency on supplied technology. While this was not an issue in itself, the complications that arose from earlier versions of systems that were unable to handle requirements imposed by EMIR was surprising