EU Parliament poised to reject two Esma technical standards on OTC derivatives

Parliament is unhappy with the treatment of corporate end-users, and could require Esma to redraft standards

The European Parliament's Economic and Monetary Affairs (Econ) Committee will vote on February 4 whether to reject two key regulatory technical standards on over-the-counter derivatives and central counterparty (CCP) requirements – a potentially significant hurdle for timely implementation of the European Market Infrastructure Regulation (Emir).

If the Econ committee approves the resolution to reject the standards, it will trigger a full plenary vote in parliament, which could result in the