EU rulemakers lean towards Simm validation for dealers only
Council supports EBA proposal to narrow scope of rules, while parliament takes a tougher line
Buy-side firms are hoping the balance of opinion among European Union lawmakers has tilted decisively towards requiring only dealers to validate their models for initial margin, ahead of a crucial working group meeting at the Council of the EU on July 11.
Before passing the baton to Spain at the start of July, the Swedish team who held the rotating presidency of the council shared a confidential non-paper, seen by Risk.net, which appears to recommend this position as part of negotiations on a
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