The European Securities and Markets Authority (ESMA) has published the results of a peer review that looks into how Member State national competent authorities (NCAs) ensure that central counterparties (CCPs) comply with margin and collateral requirements under the European Markets Infrastructure Regulation. ESMA has identified some areas where divergences have emerged with respect to the NCAs’ supervisory approach in assessing CCPs’ compliance with margin and collateral requirements. ESMA has also identified eight good practices from the peer review and encourages NCAs to consider implementing them where appropriate.

View ESMA identifies areas for improvement in EU CCP supervision, 22 December 2016

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