Financial News: Europe retreats in US derivatives battle

05 April 2016

Europe's markets regulator has issued its final report on how much margin is required to be posted at clearing houses for derivatives trades – and has come down in favour of a US approach that was heavily contested for years.

In the final report issued on April 5, ESMA said that it has recommended that a clearing house should have a margin sufficient to cover one day of open positions, retreating from its previous stance that two days’ worth of margin was required.

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