ESAs Propose to Simplify EMIR Bilateral Margin Rules for Sub-€8bn Counterparties
The European Supervisory Authorities (EBA, EIOPA and ESMA) have published a final report proposing amendments to the bilateral margin requirements under EMIR. The draft RTS would exempt counterparties below the €8 billion initial margin threshold from exchanging initial margin on both new and existing uncleared OTC derivative contracts. The proposal aims to reduce burden and align the EU framework more closely with other jurisdictions.
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