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By Gilles WALERS, Legal Adviser, ABBL
On 17 September 2019, the Luxembourg Bankers’ Association in collaboration with Allen Overy organised, in the premises of BGL BNP Paribas, an industry conference on the topic of the European Market Infrastructure Regulation (EMIR) as well as the legal framework applicable to Over-the-Counter (OTC) derivatives trades.
As a reminder, EMIR has seen the light of the day as a direct consequence of the 2008 financial crisis and remains, as of today, the most visible and tangible regulatory framework coming out of the turmoil that took over the financial markets in the late 2000’s. With OTC derivatives being considered by politicians as one of the main roots that facilitated the financial crisis, the G20...
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