Brief

Summary:

The European Securities and Markets Authority (ESMA) has extended emergency measures temporarily expanding the pool of eligible collateral for all types of counterparties by six months. The measures allow uncollateralized bank guarantees for non-financial counterparties (NFCs) and public guarantees for all counterparties to be accepted by central counterparties (CCPs), aiming to avoid potential disruptions during the upcoming cold season. These measures were originally implemented to alleviate liquidity pressure on NFCs active in gas and electricity markets during the energy crisis.

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has extended for a limited period of six months the emergency measures which temporarily expand the pool of eligible collateral for all types of counterparties. Uncollateralised bank guarantees for non-financial counterparties (NFCs) acting as clearing members and public guarantees for all types

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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has extended for a limited period of six months the emergency measures which temporarily expand the pool of eligible collateral for all types of counterparties. Uncollateralised bank guarantees for non-financial counterparties (NFCs) acting as clearing members and public guarantees for all types

This content is restricted.

European Securities and Markets Authority

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