Esma to meet with clearing industry over EU energy crisis

Widening eligible collateral on table; ECB intervention would need government indemnities

Esma energy costs
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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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