EU warms to ‘no action’ as margin rules bite
GlobalCapital, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

EU warms to ‘no action’ as margin rules bite

markets2 px230x150 for gc

European financial market regulators have operated for some time without an equivalent to the ‘no action letters’ available to the other regulatory authorities such as those in the US but the European Securities and Markets Authority (ESMA) has woken up to the need for this recourse as a looming March 1 rollout of variation margin rules on uncleared derivatives threatens lockdown for swathes of unprepared participants.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles