Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. ESMA cooperates with Australian regulators
Industry news

ESMA cooperates with Australian regulators


11 December 2014 Sydney
Reporter: Stephanie Palmer

Generic business image for news article
Image: Shutterstock
The European Securities and Markets Authority (ESMA) has signed a memorandum of understanding (MOU) with the Australian Securities and Investment Commission (ASIC) and the Reserve Bank of Australia (RBA) to cooperate regarding central counterparties (CCPs)

The MOU affects CCPs that are established in Australia but have applied for recognition under the European Markets Infrastructure Regulation (EMIR). Corporate arrangements can now be established between EMSA and non-EU authorities whose legal and supervisory frameworks are deemed equivalent, by EMIR, to the European Commission.

An additional MOU between ESMA and ASIC means that non-EU regulators that don't have trade repositories in their own jurisdiction could be able to access data on derivatives in European trade repositories. This also ensures professional secrecy where required.
Next industry article →

Year closed out as expected, says SS&C
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →