Esma pledges faster approvals for CCP margin model changes
Löber says regulatory sign-off on small model changes should take just three weeks under Emir 3.0
Regulators in the European Union will cut the amount of time needed for clearing houses to obtain permission to make changes to their margin models and launch new products, according to a senior official.
Speaking at a conference hosted by Eurex in Frankfurt on February 29, Klaus Löber, chairman of the central counterparty (CCP) supervisory committee at the European Securities Markets Authority, said the average time for CCPs to get approvals for risk model changes would go down to less than
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