EBA, EIOPA and ESMA propose amendments to bilateral margin requirements
The European Supervisory Authorities (EBA, EIOPA and ESMA) published a final report proposing amendments to simplify bilateral margin requirements in the European Commission's Delegated Regulation (EU) 2016/2251. The proposed changes aim to simplify the bilateral margin framework for counterparties subject to initial margin requirements and below the €8 billion threshold under EMIR, facilitating phase-out of initial margin requirements and ensuring greater consistency with other jurisdictions' treatment.
What changed
- Simplification of bilateral margin framework for counterparties below €8 billion threshold
- Facilitation of phase-out of initial margin requirements for eligible counterparties
- Greater alignment with bilateral margin treatment in other jurisdictions
Who is affected
Financial institutions and counterparties subject to bilateral margin requirements under EMIR, specifically those below the €8 billion threshold for exchanging initial margin
- Action
- Action required
- Language
- EN