New standards on margin requirements for non-centrally cleared OTC derivatives
09 March 2016
ESAs has published the final draft technical standards on margin requirements for non-centrally cleared OTC derivatives.
The European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) published today the final draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR).
These RTS cover the risk mitigation techniques related to the exchange of collateral to cover exposures arising from non-centrally cleared over-the-counter (OTC) derivatives. They also specify the criteria concerning intragroup exemptions and the definitions of practical and legal impediments to the prompt transfer of funds between counterparties.
These standards aim at increasing the safety of the OTC derivatives markets in the EU.
Read the full press release from ESAs
These RTS cover the risk mitigation techniques related to the exchange of collateral to cover exposures arising from non-centrally cleared over-the-counter (OTC) derivatives. They also specify the criteria concerning intragroup exemptions and the definitions of practical and legal impediments to the prompt transfer of funds between counterparties.
These standards aim at increasing the safety of the OTC derivatives markets in the EU.
Read the full press release from ESAs
