VIDEO | The clarities versus unclarities of where version three of the EU:s market infrastructure regulation, EMIR, is going, deserved proper discussion on stage at Thursday’s PostTrade 360° Amsterdam, as representatives for a range of clearing industry actors joined in for a panel.

This panel session was sponsored by Cboe Clear Europe, Eurex, Euronext, LSEG Post Trade, and SIX.

On stage were representatives of five major clearinghouse operators:
Lennart Visser, Relationship Manager Sales, Cboe Clear,
Henry Weindling, Fixed Income & Currencies Sales, Netherlands, Eurex,
José Manuel Ortiz-Repiso, Head of Clearing & Repo Operations, SIX,
Petra Verhulst, Netherlands Sales, LSEG Post Trade, and
Paul Noordam, Senior Manager Sales and Product Management Cash Equities & Derivatives, Euronext,
under moderation by Valentijn Wiegel, Head of Network Management with ABN AMRO Clearing Bank – one of the leading clearing members of these clearinghouses for accessing the European market.

“I think we all know that in clearing, things don’t move quickly – but they do move,” said Henry Weindling.

Watch the session video here!

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The third generation of the European Market Infrastructure Regulation, EMIR, is entering the final phase of top-level negotiations between the main EU bodies: Commission, Council, and Parilament.

The industry discussion is dynamic, as they differ in whether they are EU-based, whether they themselves operate European marketplaces, and whether they have interoperability connections with each other.

A core purpose of the EMIR 3 initiative is to make EU clearinghouses more competitive. The EU is seeking to incentivise this. One measure proposed is a requirement for certain actors to hold an “active account” with an EU-based CCP. The precise meaning of the term still files under the unclarities.

• Our news posts from PostTrade 360° Amsterdam 2023, on 30 November, and previous years, are gathered here. 
• The conference info site, with detailed agenda, is here.
• For post-event access to recorded sessions, find them listed here. To see them, you need to be logged in, and have picked up the free content pass. Sounds tricky but just follow the links! 
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