Eurex and LCH reject one-day margin regime for futures
The decision on whether to copy US rules is still in the balance, says Esma
Europe's two biggest derivatives-clearing houses have rejected the idea of changing the region's margin requirements to cover losses from a member's default over a one-day period rather than two, potentially prolonging a damaging squabble between the European Union and the US over whether their regulations are equivalent.
In late August, the European Securities and Markets Authority (Esma) published a discussion paper seeking views on whether, among other issues, EU clearing houses should hold
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