EMIR 3 and the importance of access to global markets
Report date
Summary
The IRS market is global by nature and a foundation block for growth and prosperity. Its success lays on the fact that financial institutions can interact freely on a cross-border basis. However, the recent EMIR 3 proposals would restrict EU Firms’ access to this global market. Considering the impacts of EMIR 3 on EU Firms, we should explore alternatives.