Comparing EMIR and DFA – The Regulations after More Than a Decade
Pierre Thuysbaert
What the paper says
This article compares the EU’s European Market Infrastructure Regulation (EMIR) and the US’s Dodd-Frank Act (DFA), both initiated post-crisis and since than subjected to significant amendments, especially from the EU’s side. Key areas analysed and compared include the scope of legislation, the regulatory oversight, central counterparties and clearing obligations, exchange trading of derivatives, reporting to trade repositories, and margin requirements. Despite their independent evolution, ongoing cooperation has led to increasing convergence, highlighting a shared commitment to market stability and investor protection. Nevertheless, significant differences persist, such as the broader application scope and wider exemptions from clearing requirements in EMIR.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.