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05 April 2016

Financial News: Europe retreats in US derivatives battle

Europe's markets regulator has issued its final report on how much margin is required to be posted at clearing houses for derivatives trades – and has come down in favour of a US approach that was heavily contested for years.

In the final report issued on April 5, ESMA said that it has recommended that a clearing house should have a margin sufficient to cover one day of open positions, retreating from its previous stance that two days’ worth of margin was required.

Full article (Financial News subscription required)

© Financial News

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