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Esma to meet with clearing industry over EU energy crisis
Widening eligible collateral on table; ECB intervention would need government indemnities
![Esma energy costs Esma energy costs](/sites/default/files/styles/landscape_750_463/public/2022-09/Esma-energy-costs-2.jpg.webp?h=9b58405d&itok=V-5V9osF)
The European Securities and Markets Authority (Esma) is due to meet with clearing house representatives this week to discuss potential ways to ease the pressure of sky-high collateral requirements on energy market participants.
Russian state-owned energy firm Gazprom has indefinitely halted all natural gas supplies through the Nord Stream 1 pipeline to Germany, prompting fears of a full-blown European energy crisis.
“If this pace keeps up, the utility bailout will be a lot larger than the bank
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