04/05/2020 (Agence Europe) – The European Supervisory Authorities (ESAs) published on Monday 4 May a joint draft of Regulatory Technical Standards (RTS) aimed at amending the rules on risk mitigation techniques for non-centrally cleared OTC derivatives under the European Market Infrastructure Regulation (EMIR). These RTS aim to incorporate into the EU regulatory framework the one-year deferral of the two implementation phases of the bilateral margining requirements agreed on 3 April by the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) to take account of the challenges facing counterparties in response to the impact of the Covid-19 pandemic. See RTS: https://bit.ly/3dbGPxh (MF)