Financial markets infrastructure policy

Financial markets infrastructure policy

The Commission aims to enhance the resilience of market infrastructure and to achieve an integrated, safe and efficient post-trade environment in the EU.

Derivatives / EMIR

Derivatives / EMIR

The European market infrastructure regulation (EMIR) lays down rules on OTC derivatives, central counterparties and trade repositories.

Recovery and resolution of central counterparties (CCPs)

Recovery and resolution of central counterparties (CCPs)

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.

Securities financing transactions (SFTs)

Securities financing transactions (SFTs)

EU regulation increasing the transparency of securities financing markets so that they can be monitored and the risks identified.

Central securities depositories (CSDs)

Central securities depositories (CSDs)

EU legislation improving the safety and efficiency of securities settlement in Europe.

Settlement finality

Settlement finality

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.

Financial collateral arrangements

Financial collateral arrangements

EU legal framework for the use of securities and cash as collateral in financial transactions.

Securities and claims ownership

Securities and claims ownership

The European Commission is examining the possibility to make conflict of laws rules on securities and claims ownership more consistent across the EU.