October 2015

A US / EU comparison: Derivatives – enter EMIR

"You're going to need a bigger boat"

 

Published by PWC in 2013, this briefing compares the U.S. and European regulatory requirements around derivatives, highlighting significant differences in their scope and timing and setting out areas where additional work is likely to be required to meet additional requirements under EMIR. 

Although similarities exist between Dodd-Frank and EMIR, there are several significant differences with respect to scope and timing. Global firms will need to identify core processes and procedures that can be leveraged across compliance regimes while identifying those areas that will require unique solutions. Building programs that satisfy both sets of rules - as well as rules from other global market centers - will be a challenge, but industry participants who successfully navigate change across their global organizations have the opportunity to establish themselves as market leaders. 

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