Regulatory AlertsESMA Guidelines on Anti-Procyclicality Measures for Margin Requirements for CCPs under EMIR
The European Securities and Markets Authority (ESMA) issued guidelines on June 20, 2019, establishing anti-procyclicality measures for margin requirements applied by Central Counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR). These guidelines aim to mitigate the pro-cyclical effects of margin models during periods of market stress to ensure financial stability. The document provides regulatory expectations for CCPs to adjust their margin methodologies to prevent excessive volatility in margin calls.
Printing from a page of the AMF website
Please disable your ad blocker to view this video.
V - Market Infrastructures and Other Market Participants V. 2 - Central Securities Depositories, Clearing Houses, Settlement and Delivery Systems
Doctrine Europe & International
ESMA Guidelines on Anti-Procyclicality Measures for Margin Requirements for Central Counterparties under the EMIR Regulation
Share by email
Applicable from June 20, 2019 Position DOC-2019-08
Download
Version consulted
Download the doctrine Legal Notice: Publisher: The Director of the Communication Department of the AMF. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02