Esma under pressure to approve FX dual-reporting solution

Man drawing flow chart

The European Securities and Markets Authority (Esma) is under pressure to approve proposals put forward by the Global Financial Markets Association (GFMA) that would tackle the complex challenge of meeting Esma's requirements for foreign exchange trade reporting under the European Market Infrastructure Regulation (Emir).

The problem stems from the fact that under Emir, both counterparties to a trade are required to report, whereas under the US Dodd-Frank Act, the responsibility lies with only

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: