Price category: A
Date: Check the Agenda section on this website
Location: Amsterdam
Duration: 0.5 Day
Time: 09:00 - 12:30
Language: NL / EN
Lecturer(s): 
PE points:  4

Introduction:

The European Market Infrastructure Regulation (EMIR) has been more than five years in the making and promises to reshape the global financial services landscape. Yet the industry is still grappling with the new requirements, including timely confirmations, portfolio reconciliation and trade reporting. Less Than a Third of Asset Managers are prepared for EMIR with regulatory pressure on the increase, the entire financial industry is seemingly on tenterhooks to see just how these new directives from EMIR to MiFID II, Basel III to Dodd Frank, will pan out. The result of this uncertainty is a lack of preparation among investment professionals. The aim of this workshop is to solve this problem.

This training will give delegates a practical understanding of Derivatives and EMIR regulation. EMIR is the new European legislation for derivatives transactions. In response to the credit crisis in 2008 and the bankruptcy of Lehman Brothers, the political leaders of the G-20 set the objective to make trade and risks in OTC derivatives more transparent and to let settlement partially bound to take place through central counterparties. In the EU, the European Market Infrastructure Regulation (EMIR) is the result. The purpose of EMIR is making the market safer and more transparent by reducing counterparty, operational and systemic risks related to OTC derivative transactions.

Learning objectives:

After the course delegates are able to:

• Understand the structure of reporting and reporting procedures
• Understand the structure of clearing and clearing procedures

Target group:

• Banks
• Traders
• Broker Dealers
• Hedge Funds
• Asset Managers 
• Risk Managers
• Legal Consultants
• Mid- & Back-Office Financial Institutions
• Trade Repositories (TRs/SDRs)
• Central Clearing Houses (CCPs/DCOs)

Content:

• Reporting obligation under EMIR
• Subjects of reporting entities under EMIR reporting obligation/li>
• Trade repository timelines of reporting record keeping
• Disclosure clause
• Reporting Procedures in practice
• What need to be reported and how can you report?
• Issues
• Unclear definition of ‘Derivatives
• Reporting for the same trade can differ depending on entity classification
• Under-reporting and double-reporting
• Difference Real-Time and End-Of-Day reporting infrastructures
• Delay in clearing obligations under EMIR

Methodology:

• The participants will receive an (English) written handout
• The course will be supported by a Power Point presentation
• At the end of the course the participants will be given a certificate of completion.

Extra:

VAT is not applicable on Investment Academy training