The European Market Infrastructure Regulation (EMIR) aims to increase the stability and transparency of the over-the-counter (OTC) derivatives market throughout the EU. It introduces requirements for the reporting, clearing, and risk management of OTC derivatives. For procurement and supply chain professionals in the financial sector, understanding EMIR is crucial to managing compliance and operational risks. Compliance with EMIR supports market integrity, reduces systemic risk, and enhances transparency in derivative transactions.