The European Market Infrastructure Regulation (EMIR) is designed to amend and simplify European financial markets infrastructure. It has provided significant changes to firms, particularly regarding reporting standardization on the ISO 20022 standard and a substantial increase in reporting fields from 129 to over 200.
Changes to these rules, known as the EMIR Refit, will come into force on April 29th, 2024, for the EU. An FCA version of the EMIR Refit will go live on September 30th, 2024, for the UK.
Some of the primary goals of EMIR Refit are improved data quality, data harmonization and better pairing matching rates. What are the expectations for future pairing and matching rates? How can market practitioners get there? In this panel, you will hear: