UK fines Merrill Lynch £34m in first Emir reporting enforcement action.
Trade repository data has been used for the estimate for the first time.
The group has spent the past two years reaching an industry consensus.
Companies with a registered office in Switzerland have to report derivatives.
More than 150 reportable items need to be processed.
UK regulator approves four MiFID II ARMs ahead of streamlining.
Mack Gill has joined a fintech provider from MillenniumIT.
Large firms are more open to new technology.
Clarus suggests ESMA recalibrate reporting thresholds.