Tag: EMIR

February 17, 2014 BY Gerald Segal

ESMA wants the UK to conform on FX reporting for EMIR

Not all EU country regulators agree on what a ‘derivative’ is for EMIR reporting purposes The EU regulator of financial derivatives ESMA has sent a letter to the European Commission on Friday asking for clarification of the derivatives definition under the EMIR (European Market Infrastructure Regulation). According to the press release, the lack of EU…

Read more
January 10, 2014 BY Gerald Segal

Barclays to close Barclays Margin FX due to difficult EMIR regulations

Barclays Margin FX clients being encouraged to move to FXCM. LeapRate Exclusive: LeapRate has learned that UK bank Barclays (LON:BARC, NYSE:BCS) has decided to shut down its retail / margin FX business, Barclays Margin FX. Barclays has operated its margin FX business as a white label of FXCM, with FXCM winning Barclay's business back in…

Read more