Esma Proposes CCP Margin Model Disclosures

European regulator takes step toward forcing clearinghouses to disclose exactly how they calculate risk and collateral requirements for trades.

image of coins being weighed

Clearinghouses, also known as central counterparties (CCPs), would be forced to “publicly disclose the parameter and information on the models used in the calculation of margin requirements” according to draft guidelines issued by the European Securities and Markets Authority (Esma) as part of a wider consultation that seeks to examine risk-management practices at CCPs.

These disclosures, Esma says, must be of “sufficient granularity” in order for participants in clearinghouses—both direct memb

To continue reading...

Waters Wavelength

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: