EBA seeks to allay Simm divergence concerns
EU validator pledges to co-ordinate with global regulators, but retains ability to act alone “if needed”
The European Banking Authority (EBA) has pledged to co-ordinate with global regulators on prospective updates to the International Swaps and Derivatives Association Standard Initial Margin Model (Isda Simm), in its new role as the model’s central validator for the European Union.
“If we identify issues, we will work closely with other major regulators to ensure they are addressed in a co-ordinated
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