EMIR-Go-Round

david-beatrix-bnp-paribas
David Béatrix, business developer, market and financing services, BNP Paribas Securities Services

Europe's derivatives reporting regime got off to a bad start earlier this year, but if the relative calm that attended the latest deadline in August is anything to go by, firms seem to be settling into handling the new requirements.

"A big mess" was how one observer described February 12-the date on which counterparties and clearing houses in derivatives trades had to start reporting the details of all trades under the European Market Infrastructure Regulation (EMIR). Before that date, firms had

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