Financial Derivatives Market Reform (OTC) under the European Infrastructure Market Regulation (EMIR) and the US Dodd-Frank Financial Market Reform and Consumer Protection Law Cover Image

Реформа тржишта финансијским дериватима (OTC) према Уредби о европском инфраструктурном тржишту (EMIR) и америчком Dodd-Frank закону о реформи финансијског тржишта и заштити потрошача
Financial Derivatives Market Reform (OTC) under the European Infrastructure Market Regulation (EMIR) and the US Dodd-Frank Financial Market Reform and Consumer Protection Law

Author(s): Jelena Brdar, Maja Bodrožić
Subject(s): Financial Markets, EU-Legislation
Published by: Институт за међународну политику и привреду
Keywords: Financial crisis;OTC derivatives;EMIR EU regulations;Dodd Frank

Summary/Abstract: The recent financial crisis has revealed major weaknesses in the functioning of the financial regulatory and supervisory framework, which eventually culminated in a global recession. Emergency interventions were necessary to stop the spread of deformation of monetary flows with systemic disorders during the crisis and to help the restoration of the normal functioning of financial markets. All these problems have affected the global factors to start thinking in new directions. In this respect, they expressed various initiatives, led by America and the European Union which were mostly affected by problems. As an important cause of the crisis that began in 2007 was the weakness of OTC financial derivatives markets. The weakening of the financial system increased systemic risk. In this paper, we review the creation of a new regulatory infrastructure. First, we emphasized the basic characteristics of the financial regulations of the European Union - EMIR (European Market Infrastructure Regulation) and the US Dodd-Frank law, then we singled out the Chapter VII of the above mentioned (Dodd-Frank: Title VIIWall Street Transparency and Accountability) and at the end the analysis was expanded with the introduction and comparison of the above mentioned EMIR and Dodd-Frank regulation.

  • Issue Year: 2015
  • Issue No: 52-53
  • Page Range: 161-176
  • Page Count: 16
  • Language: Serbian