Course description
We offer a unique opportunity to complete this course remotely via live virtual session conducted by an expert with over 20 years of practical experience from the sector.
This is a 1 day session from 9 a.m until 5 p.m. The sessions are very practical and interactive and will include discussions, Q&As and exercises. You will receive a set of course materials and certificate on completion.
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The European Market Infrastructure Regulation (EMIR) trade reporting impacts all companies involved in OTC and exchange-traded derivatives trading who have to report the trades and valuations to a repository. The regulation applies in the European Union and the UK and has has been in force since Feb 2014. EMIR Refit provides a set of updates to this regulation, proposed by the ESMA which will go live on 30 September 2024.
The practical 1 day course conducted by a senior market practitioner will focus on the changes which are coming as part of the Refit amendments. You will learn about the reporting of transactions and positions and the key updates to reporting fields and the changes in counterparty classifications and reporting reconciliation.
The session covers the key challenges encountered by banks, broker dealers, asset managers and hedge funds, key lessons learnt in implementing EMIR and other regulatory trade and transaction reporting, with successful remediation of any issues.
This workshop covers all aspects of EMIR and EMIR Refit regulations, from organisational scope, to reporting data validation, data sourcing, counterparty and entity identification, and asset class/instrument identification – and resulting impact to front, middle and back office processes.
You may be interested in our other regulatory reporting courses including:
- Regulatory Reporting for EMIR, MiFID and SFTR
- SFTR Transaction Reporting
- MiFID Compliance
- SFDR
- RegTech & SupTech and more
Upcoming start dates
Course content
You will learn:
- About the key changes brought up by EMIR Refit from organisational scope, to reporting data validation, data sourcing, counterparty and entity identification, and asset class/instrument identification
- EMIR Refit reporting and clearing threshold classifications are described under various scenarios in the entity, counterparty, and transaction life cycle, along with a series of sample reports simulating different security types and scenarios
- Impact of those changes on front, middle and back office processes
- Key learnings from implementation of EMIR, MIFIR and SFTR to EMIR Refit implementation, benchmarking against peers from the sell-side and buy-side
- Real life industry examples of best practices, post-implementation issues, and successful remediation
- Regulatory guidance from the FCA, CSSF, CBI, ESMA and other local regulators – Impact of Brexit to UK EMIR Refit reporting
- The key challenges encountered by banks, broker dealers, asset managers and hedge funds, key lessons learnt in implementing EMIR and other regulatory trade and transaction reporting, with successful remediation of any issues
- Understand the key impacts to US, EMEA and APAC institutions in scope, and the new regulatory reporting landscape
Main topics
- EMIR Refit background and scope of the changes
- Key concepts including entity and counterparty types, new thresholds, reportable instruments and more
- Analysing various EMIR Refit reporting scenarios
- Detailed look at reporting fields
- Systems , controls and horizon scanning
- Inter transaction reporting reconciliation with MiFID and SFTR
Suitability - Who should attend?
The course is suitable for banks, asset management, broker dealers, hedge funds and other market participants affected by the EMIR Refit, Heads of:
- Trading
- Investment
- Portfolio Management
- Operations and Business Risk
- Regulatory Reporting
- Compliance
- HR
Outcome / Qualification etc.
Course certificate on completion.
Course delivery details
We offer this course for both individual students, as well as the ability to book them as private in house training for companies looking to train employees.
Expenses
Virtual / Online session: Early bird price £825 + VAT Regular price £995 + VAT. 10% discount for 3 people.
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Eureka Financial
Eureka Financial is a provider of banking, finance, regulatory, risk and wealth management training courses. We also offer some business management and soft skills training programmes. Based in London, UK, we organise public courses in London as well as tailored in-house...