The Department for Exiting the European Union (DExEU) has published an explanatory memorandum on the European Central Bank’s opinion on the proposed regulation to amend EMIR.

The UK government fully supports the implementation of G20 commitments to increase the safety of OTC derivatives markets as well as the proposals to amend deficiencies in EMIR, ensure end-users can access the OTC derivatives market to hedge risks and to reduce reporting costs.

Read the explanatory memorandum »