FIA congratulates the Council of the EU and the European Parliament on reaching a provisional political agreement early this morning on the review of the European market infrastructure regulation and directive (EMIR 3.0).
The review aims to make the EU clearing landscape more attractive and resilient, support the EU’s strategic autonomy, and preserve the EU’s financial stability.
FIA is pleased a provisional agreement has been reached and supports positive incentives to further enhance the attractiveness of EU clearing and EU capital markets.
However, FIA remains convinced that any measures to increase the attractiveness of EU clearing should be guided by the principle of facilitating client choice on where to clear and protecting the international competitiveness of EU market participants.
FIA's previous responses:
Trade associations call for deletion of active account proposal
FIA responds to EMIR 3.0 proposal and prudential requirements
