ESAs propose simplified bilateral margin rules for sub-€8bn counterparties
The European Supervisory Authorities (EBA, EIOPA and ESMA) have published a final report with draft Regulatory Technical Standards proposing to simplify the bilateral margin framework under EMIR. The amendments would end initial margin exchange requirements for both new and existing uncleared OTC derivative contracts for counterparties below the €8 billion threshold. The report has been submitted to the European Commission for endorsement.
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