“Here be dragons: Will EMIR’s extraterritoriality rules deter third country firms?”

That’s the title in RegTechFS which watches the evolving regulation so you don’t have to

http://regtechfs.com/here-be-dragons-will-emirs-extraterritoriality-rules-deter-third-country-firms/

The folks at RegTechFS say that the EU wants to exert control on central clearing and risk mitigation — sometimes over two parties where neither is in the EU. Read the post, which for some reason the linkage in WordPress refuses to recognize, for more detail.