The European Commission is expected to conclude its review of the European Market Infrastructure Regulation (EMIR) this spring, with the developments being closely monitored by stakeholders in the energy sector.
The energy industry is well aware any changes to the ‘hedging exemption’ could expose more firms to costly and burdensome clearing obligations for over-the-counter (OTC) derivatives trading.
First adopted in 2012, EMIR enforces clearing obligations for OTC derivatives transactions, meaning counterparties pay cash up front – or collateral – to a clearing house in case one of...
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