News & Communication

BBA EMIR Financial/Non-Financial Counterparty Classification under EMIR

The BBA has been working alongside 10 of its member banks and Avantage Reply, an associate member, to deliver an initial industry solution to help banks allocate with counterparties fall under the financial and non financial counterparty definition under EMIR. This has been achieved primarily by using the industry classification codes currently in use to make an additional data-driven classification.