EU non-cleared margin regime set to take effect in January 2017
EC expected to publish its final non-cleared margin rules on October 4
The largest derivatives dealers in Europe will be required to begin posting initial margin on non-cleared swap trades on or around January 20, 2017, and the European Commission is expected to finalise the regulatory technical standards (RTS) codifying its rules governing the exchange of collateral on bilateral trades at a meeting in Strasbourg on October 4.
“We understand the European Commission will adopt the RTS next Tuesday, October 4,” says Deepak Sitlani, a partner specialising in
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