The Commission aims to enhance the resilience of market infrastructure and to achieve an integrated, safe and efficient post-trade environment in the EU.
The European market infrastructure regulation (EMIR) lays down rules on OTC derivatives, central counterparties and trade repositories.
CCPs play an increasingly major role in the financial system. The potential risks that they pose need to be addressed. The European Commission has proposed rules to ensure that CCPs can be dealt with effectively if things go wrong.
EU regulation increasing the transparency of securities financing markets so that they can be monitored and the risks identified.
EU legislation improving the safety and efficiency of securities settlement in Europe.
EU law minimising risks associated with the transfer of financial instruments and payments, especially those risks which are linked to the insolvency of transaction participants.
EU legal framework for the use of securities and cash as collateral in financial transactions.
The Commission is examining the possibility of making rules on securities holding and transactions clearer and more consistent across the EU.