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 responds to European Commission consultation on implementing the final Basel III reforms in the EU

Photo from EACT responds to European Commission consultation on implementing the final Basel III reforms in the EU

The EACT is grateful for the opportunity to respond to this consultation on the implementation of the final Basel agreement in the EU. Read our position here.

View More

EACT responds to ESMA consultation on review of the Market Abuse Regulation and potential extension of its scope to FX spot markets

Photo from EACT responds to ESMA consultation on review of the Market Abuse Regulation and potential extension of its scope to FX spot markets

View the EACT's responses to the questions asked in the Consultation Paper on the MAR review report, published on the ESMA website.

View More

EACT Newsletter - December 2019

Photo from EACT Newsletter - December 2019

The latest issue features updates on what the new EU policy cycle for 2019-2024 will likely hold in store for financial services and corporate treasury, as well as event updates from various national associations.

View More

EACT Newsletter - October 2019

Photo from EACT Newsletter - October 2019

The latest issue features updates on the new Journeys to Treasury report, EURIBOR and EONIA benchmarks and how to benefit from the EMIR Refit.

View More

Journeys to Treasury 2019-2020: Shaping the Treasury of 2025

Photo from Journeys to Treasury 2019-2020: Shaping the Treasury of 2025

We invite you to download the 2019-2020 edition of Journeys To Treasury and discover rich, diverse insights on the trends, challenges and priorities that are shaping best practices in treasury both today and in the future.

View More