EACT & US Coalition for Derivatives End-Users submit responses to the BIS-IOSCO Consultations on Margin Requirements for Non-centrally-cleared Derivatives

The EACT has, together with the US Coalition for Derivatives End-Users, submitted responses to the BIS-IOSCO Consultations on Margin Requirements for Non-centrally-cleared Derivatives. The responses highlight that non-financial end-users should be exempt from mandatory margining requirements for OTC derivative trades or only be required to post margin above a certain threshold. Introducing mandatory margining requirements would impose unnecessary cost and liquidity burdens to non-financial end-users, which could push some end-users to stop using derivatives which are however essential for corporates to be able to hedge commercial risk. The fact that non-financial end-users' derivative exposures pose little to no systemic risk should be taken into account when drafting the BIS-IOSCO recommendations. For the first consultation (July 2012), the joint submission can be viewed here  and the BIS-IOSCO consultation document can be found here. For the second consultation (February 2013), the joint submission can be viewed here and the BIS-IOSCO consultation document can be found here.

View Document

News


EACT announces Tarek Tranberg as Head of Public Affairs & Policy

Tarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.

View More

EACT supports the European Commission’s proposal for a new Digital Finance Strategy for Europe

Read the EACT's response to the European Commission's new digital finance strategy for Europe / FinTech action plan.

View More

EACT supports the European Commission’s development of an EU Retail Payments Strategy

The EACT is grateful for the opportunity to respond to the consultation on the implementation of new retail payments strategy. Read our position here.

View More

EACT Newsletter - June 2020

Photo from EACT Newsletter - June 2020

The latest issue looks at the results of the EACT Survey, FX hedging in volatile markets, and shares the latest news from EACT and its member associations.

View More

EACT Newsletter - April 2020

Photo from EACT Newsletter - April 2020

The latest issue looks at how to plan liquidity requirements during Covid-19, defend against fraud and cyberattacks, and shares the latest news from EACT and its member associations.

View More