EU non-cleared fog begins to clear
A very important post from DRS on the European timing of the un-cleared margin rules - they did well to interpret the fog of communication from the European Commission. Their analysis suggest that the start date for IM in Europe will be delayed by a year, with VM start in early 2017. Follow the link to their post below to get the full facts.
On 28 July 2016 the EC published a letter to the Joint Committee of the European Supervisory Authorities (ESAs), stating that it will endorse a revised text of the RTS on risk mitigation techniques for non-cleared OTC derivatives Article 11(15) of EMIR. The market has been on tenterhooks since 9 June 2016 when the Commission […]