EMSA RELEASES NEW OTC DERIVATIVES BOOKKEEPING RULES
September 1st, 2012
BY KEITH NUTHALL
THE EUROPEAN Securities and Markets Authority (ESMA) has published technical standards saying how OTC (over-the counter) derivatives should be logged and accounted for within the European Union (EU). EMSA has defined what details of derivatives transactions need to be reported to trade repositories and also what it should receive, so it can properly regulate these repositories. The standards include that ESMA will allow the reporting of collateral on a portfolio basis and that reporting of mark to market values should be undertaken only by ...
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