12/09/2019 | News release | Distributed by Public on 12/09/2019 04:10
09 December 2019
Risk Analysis & Economics - Markets Infrastructure InvestorsThe European Securities and Markets Authority (ESMA) the EU's securities regulator, today publishes its second Annual Statistical Report (Report) analysing the European Union's (EU) derivatives markets. The Report, based on data submitted under the European Markets and Infrastructure Regulation (EMIR), provides a comprehensive market-level view of the EU's derivatives markets in 2018, which had a total size of €735tn gross notional amount outstanding, an increase of 11% on 2017.
This report for the first time includes an analysis of intragroup transactions, which are mainly used in equity, commodities and currency markets. Overall, they amount to €78tn, about 11% of the market. The analysis shows that transactions in products subject to mandatory clearing are dominated by intragroup trading between UK and third-country legal entities in the same group, with the UK serving as an entry point to EU markets.
The primary objective of this data analysis is to contribute to ESMA's risk assessment, to facilitate entity oversight by supervisory authorities, both national and European, and enhance supervisory convergence. ESMA will continue to report on its analysis on an annual basis.