The European Securities and Markets Authority (ESMA) proposed measures on Friday 14 October to alleviate the liquidity pressure on non-financial counterparties (NFCs) active on gas and electricity regulated markets cleared in EU-based CCPs.
In its final report, ESMA provides draft regulatory technical standards that temporarily extend, for a period of 12 months, the pool of CCP eligible collateral to uncollateralised bank guarantees for NFCs acting as clearing members and to public...