The ESA recently published a consultation paper on the draft RTS on risk-mitigation techniques for non-cleared OTC derivatives. Michael Beaton of DRS explains the main elements of this new consultation paper including the proposed requirements for counterparty risk management procedures, margin methods, collateral eligibility and related operational procedures.
Prudential Regulators and the CFTC Finalize Swap Margin Requirements
A summary of the core aspects of the US margin rules for non-cleared swaps