European Market Infrastructure Regulation (EMIR)

According to Chapter 10, what are the three main aims of the European Market Infrastructure Regulation (EMIR)?

What is the minimum capital a Central Counterparty (CCP) must have to be authorised under EMIR?

Under EMIR, which authority is responsible for the surveillance of trade repositories and for granting or withdrawing their accreditation?

What is the requirement under EMIR for OTC derivative contracts that are not centrally cleared by a CCP?

Under the EMIR Refit, who is solely responsible and legally liable for reporting OTC derivative contracts on behalf of both itself and a Non-Financial Counterparty (NFC) that is not subject to the clearing obligation?

Which of the following is NOT listed as a risk mitigation technique for non-centrally cleared OTC derivative transactions under EMIR?

What is the maximum percentage of credit lines needed by a CCP that can be provided by a single clearing member, its parent undertaking, or its subsidiary combined?

How does EMIR define the concept of procyclicality in relation to margin and haircut practices?

Under what circumstance may a CCP and its clearing members NOT disclose a breach by a clearing member publicly?

According to the EMIR framework, what is the 'bottom-up' approach for identifying classes of OTC derivatives subject to the clearing obligation?

How does EMIR treat the large exposure regime as defined in the Capital Requirements Regulation (CRR) with respect to CCPs?

Which entities were added to the definition of Financial Counterparties under the EMIR Refit?

What is the primary purpose of requiring the exchange of both initial and variation margin for non-cleared derivatives?

On a daily basis, a CCP must measure its potential liquidity needs taking into account the liquidity risk generated by the default of which clearing members?

What does EMIR require market participants to do to reduce operational risk?

Under EMIR, which type of transaction is generally exempted from the central clearing obligation, provided certain conditions are met?

As of December 2019, what tool are CCPs required to provide to their clearing members?

What is a key criterion for collateral used in the exchange of margins for non-cleared derivatives?

According to the text, when can the clearing obligation apply to a trade between two entities established outside the EU?

What must counterparties and competent authorities consider regarding the treatment of intragroup derivative contracts?

What is the primary reason given in the text for why margin and haircut practices can be 'procyclical'?

Who is included in the clearing obligation exemption for intra-group transactions, according to the text on page 224?

In addition to mitigating credit risk, what is another key purpose of the risk mitigation techniques for non-centrally cleared derivatives?

What is required of a CCP's capital in relation to its activities and risks?

In the context of a CCP's liquidity resources, what is a key consideration mentioned in the text?

What must be publicly disclosed by a CCP regarding its services, apart from prices and fees?

What defines the 'top-down' approach to determining which derivative classes are subject to clearing?

EMIR identifies two categories of counterparties, Financial Counterparties (FC) and Non-Financial Counterparties (NFC). Which of the following is an example of an FC?

What happens if a financial instrument's asset price falls, according to the description of procyclicality in Chapter 10?

Under the EMIR Refit, who is responsible and legally liable for reporting on behalf of a UCITS with regard to its OTC derivative contracts?

What is a condition for exempting an intragroup transaction within the EU from the requirement to exchange collateral?

What does a CCP's capital need to be sufficient for, besides covering various business risks?

According to the text, which of these derivative contract types can be subject to the clearing obligation?

What must a Financial Counterparty do when it exceeds its clearing threshold?

EMIR introduces rules to reduce counterparty credit risk. What is its primary mechanism for achieving this for standardised OTC derivatives?

What new category of counterparty was introduced by EMIR Refit, as mentioned in Section 2.3?

What is the consequence of 'asset fire sales' triggered by increasing margin calls during a market downturn?

What must trade repositories do to enhance transparency under EMIR?

For a CCP's capital to be sufficient, it must provide adequate protection against several types of risks. Which of the following is NOT listed in Section 2.4?

For the purpose of reducing operational risk, what does EMIR encourage market participants to use for confirming the terms of OTC derivatives contracts?

What is the primary function of a trade repository under the EMIR framework?

Under what condition may a CCP publicly disclose the prices and fees for its services?

EMIR's rules on risk mitigation apply to which type of derivative transactions?

Which of the following describes a potential negative outcome of procyclical margin requirements during a market upswing?

What is wrong-way risk in the context of collateral for derivative transactions?

When was EMIR Refit, which brought significant changes to the regulation, mentioned to have come into force?

Which of these is a key operational procedure for non-cleared derivatives mentioned on page 226?

Which of the following would NOT be considered a Financial Counterparty (FC) under the general EMIR definition provided?

Which European authority is cited in Section 2.5 as having issued a specific report with the EBA on the functioning of CRR and EMIR regarding large exposures?

Besides discounts and rebates, what else must a CCP publicly disclose about its prices and fees?