News & Press
The EBA calls on financial and non-financial counterparties using an initial margin model based on ISDA SIMM to seek authorisation through their competent authorities
News
The European Banking Authority (EBA) today launched a data collection, through the competent authorities, to obtain the list of EU counterparties that will be required to apply to the EBA for validation of ISDA SIMM, as well as their contact persons. The EBA underscores the counterparties' obligation to apply for the authorisation of the use of initial margin models and warns of the legal consequences in case of non-authorised use under the European Market Infrastructure Regulation (EMIR).
Final Q&As
Question ID: 2024_7124
Topic
Securitisation and Covered Bonds
Subject matter
Exposure to credit institutions in the form of derivative contracts
Should "exposure" also consider and include cash collateral held by the covered bond issuer from its swap counterparty?