ESAs Propose Simplified Bilateral Margin Rules for Sub-€8bn Counterparties
The European Supervisory Authorities (EBA, EIOPA and ESMA) published a final report on draft Regulatory Technical Standards (RTS) amending Delegated Regulation (EU) 2016/2251 on bilateral margin requirements. The proposal removes initial margin exchange obligations for both new and existing uncleared OTC derivative contracts for counterparties below the €8 billion threshold. The RTS have been submitted to the European Commission for endorsement.
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