European Supervisory Authorities write to European Commission on delay to EMIR margin rules for non-cleared derivatives

On Friday 1 July 2016, the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – issued a joint letter to the European Commission on the timing of the adoption of the draft regulatory standards (RTS) on risk mitigation techniques for non-centrally cleared derivatives.

In the letter, the ESAs express their concerns about the delayed calendar for the adoption of the RTS on bilateral margins and suggest that any delay should be kept as short as possible.