Is ESMA’s €64,000 Fine of the DTCC the First of More to Come?

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Is ESMA’s €64,000 Fine of the DTCC the First of More to Come?

Postby kreslik.news » Mon Apr 04, 2016 8:43 am


In the world of EMIR reporting, a key event that took place last week was the issuance of a €64,000 fine by the European Securities Markets Authority (ESMA) on the DTCC, the largest EU registered trade repository (TR). The fine answered the lingering question on many people’s minds: when will we start to see fines for failing to comply with the regulations? This fine itself was for “negligently failing to put in place systems capable of providing regulators with direct and immediate access to derivatives trading data” for the period between March 21st to December 15th 2014.

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