Rynek po kryzysie. Nowe usługi post transakcyjne w odpowiedzi na rozporządzenie EMIR
The Market after the Crisis. New Post-trade Services in Response to EMIR

Summary/Abstract: The paper discusses the impact of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories on post-trade infrastructure of the financial market. In particular, it focuses on central counterparty (CCP) clearing houses defined in the Regulation, as well as the subjective and objective scope of application of EMIR. The paper also refers to the impact of the Regulation on the Polish market, as well as the measures taken by the local post-trade infrastructure institutions: the Central Securities Depository of Poland (KDPW) and the clearing house KDPW_CCP.

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