Ireland: Commodities/Derivatives/Stock Exchanges

The European Union's EMIR 3.0 framework introduces significant changes to counterparty risk management and central clearing requirements. How will these amendments to the UCITS Directive, CRD IV, and Investment Firms Directive reshape derivative transaction risk limits and CCP concentration risk monitoring? What specific obligations now face credit institutions, investment firms, and competent authorities under this new regulatory regime?

On 24 December 2024, the package of proposals amending EMIR seeking to make derivatives clearing in the EU more attractive (EMIR 3.0) entered into force.

As part of CSDR Refit, ESMA must prepare two sets of regulatory technical standards (RTS) on settlement discipline.