Background
- The European Market Infrastructure Regulation (EMIR) is a body that regulates over-the-counter (OTC) and Exchange Traded derivatives (ETDs)
- Similar regulations were adopted by Switzerland (Financial Markets Infrastructure Act (FMIA), also known as “FinfraG”), OTC Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018 ("UKMIR").
EMIR Requirements
- Clearing Obligation
- Risk Mitigation
- Reporting Obligation (Transactions, Valuations, Positions and Collateral)
Mindtree Solution
| Customer Challenge | Mindtree’s Solution | Business Benefits |
| The issues identified with regulatory reporting of all derivative data needed to be resolved. | - Fixed the BAU issues with the solutions - Supported EMIR 2.0 requirements of ensuring that margin and collateral data are delivered - Supported the EMIR reporting integration with CRIMS 18 R2 data to keep using the old solution till the reporting moves to TPA. |
The regulatory requirement was fulfilled without any breaches or fines. |
EMIR Reporting
