European margin rules finally get EC approval but with pushback

There was both palpable relief and vexation among derivatives market professionals this week as the European Commission approved, albeit with amendments, rules for collecting margin on uncleared derivatives. Although this traversed a key hurdle as Europe seeks to catch up with Canada, Japan and the US, it also brought into question why there had been a delay in the first place.

  • By Dan Alderson
  • 06 Oct 2016

The Commission on Tuesday endorsed the draft regulatory technical standards submitted in March by the three European supervisory agencies (ESAs) working on the rules — the European Securities and Markets Authority, the European Banking Authority, and the European Insurance and Occupational Pensions Authority.

The rules sets out the ...

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