The European Markets and Infrastructure (EMIR) REFIT: now is the time for banks to prepare

In preparation for the introduction of EMIR REFIT, banks need to implement a number of tasks and processes to ensure they are ready to comply with the new rules.

After delays caused by the pandemic and the need to encompass global standards, the deadline for achieving compliance with EMIR REFIT is approaching fast. The revised regulation will usher in a new era in transactional reporting on OTC trades, with more scrutiny being devoted by regulators to the accuracy and quality of data.

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