PensionsEurope will organise a roundtable event on EMIR: the impact of EMIR Refit on pension funds in light of the Invest Week 2017 (20 - 24 November 2017) in Brussels.
Pension scheme arrangements currently are exempted from the clearing obligation under EMIR. This exemption is set to run out in August 2018, but the European Commission has proposed another extension of three years in its May proposal. This raises the question whether another time-limited exemption is the best way forward to provide for the regulatory calm for market participants to find a solution for the non-cash collateral issue in the centrally cleared markets. The fact that the European Commission is providing new impetus to the process of finding this solution is of course very welcome. However, while maintaining the exemption in EMIR will provide relief to pension funds, the review of the Capital Requirements Regulation could result in disincentives for banks to accept non-cash collateral in the bilateral markets.
The below speakers have already confirmed their participation:
- Kay Swinburne MEP
- Patrick Pearson, Head of Unit, Financial Market Infrastructures and Derivatives, European Commission
The roundtable will take place at Cercle de Lorraine (6, Place Poelaert, 1000 Brussels).
To register, please send an email to the PensionsEurope Secretariat. Please note registration is on a "first come, first served basis".