The New Margin Requirements and Risk Mitigation Techniques for Uncleared Swaps under EMIR: 25 minute video by Edmund Parker

The New Margin Requirements and Risk Mitigation Techniques for Uncleared Swaps under EMIR

Please see my new video presentation on the new margin requirements and risk mitigation techniques for uncleared swaps under EMIR.

After months of anticipation, the final draft Regulatory Technical Standards (RTS) covering margin requirements for uncleared swaps under EMIR (European Market Infrastructure Regulation) were published by the European Supervisory Authorities (ESAs) on 8 March 2016: "Regulatory Technical Standards on Risk-Mitigation Techniques for OTC Derivative Contracts Not Cleared by a Central Counterparty under Article 11(15) of Regulation (EU) No 648/2012." The RTS have been submitted by the ESAs to the European Commission for adoption.

This video presentation is essential viewing for significant users of OTC derivatives:

• In the EU
• Outside the EU and concerned about the extraterritorial reach of the provisions

The video provides an overview of the new RTS and discusses practical implications including:

• Who will be affected and when (including the new intra-group rules)
• What products are covered
• New rules for initial margin and variation margin
• Collateral and segregation requirements
• New risk mitigation requirements and techniques
• Legal and documentation challenges: what is being done and what has to be done