European Supervisory Authorities write to Commission on delay to bilateral margin rules for derivatives
01/07/2016
The Joint Committee of the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – has issued a joint letter to Jonathan Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union, on the delayed adoption of the joint draft regulatory technical standards on risk mitigation techniques for non-centrally cleared OTC derivatives.
In the letter, the ESAs express their concerns about this delay and ask for it to be as short as possible.