Tag: WGMR margin rules
EU non-cleared margin rules published in OJ
The long wait for EU non-cleared margin rules is finally over. Delegated Regulation (EU) 2016/2251 was published in the Official Journal this morning. Publication fires the starting gun for application, giving a phase 1 start date for Category 1 IM and VM of , which will make an effective date of 6 February 2017. Phase 2 […]
EP adopts non-cleared margin rules- market quietly panics
As previewed by its own ECON committee, the European Parliament yesterday adopted the “final” draft of the long-awaited non-cleared margin rules under EMIR. The uncharacteristic fast-tracking has created the ironic situation in which market participants are now lobbying the Council to delay their adoption of the rules in order to avoid entry into application during […]