Nex Gains Esma Approval for Post-Brexit Trade Repository
Nex Regulatory Reporting will run an EMIR trade repository in Stockholm, as derivatives markets in Europe prepare for the post-Brexit era.
Collin Coleman, CEO of Nex Regulatory Reporting, tells WatersTechnology that the Swedish service will solve the need for having an EMIR repository, and subsequently its derivatives services, within the EU27 area post-Brexit, as currently there is no certainty around what the arrangements might look like.
“What it doesn’t solve is the need for that service in the UK, after the country’s departure,” he says. “So, we will solve that issue when we have clarity on how the UK will be implementing
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