Friday September 23 2022

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: European Union

Link: https://bit.ly/3BxgtDu




On 22nd September 2022, the European Securities and Markets Authority (ESMA) published its  response  to the European Commission (Commission) regarding the current level of margins and of excessive volatility in energy derivatives markets.

 ESMA sets out its high-level assessment concerning the areas where the Commission requested input: 

  • Measures to limit excessive volatility (circuit breakers) 
  • CCP margins and collateral 

ESMA also makes a number of further suggestions in the following areas: 

  • Commodity clearing thresholds 
  • Improving regulatory reporting on commodity derivatives 
  • Regulating and supervising commodity traders 

ESMA and National Competent Authority have been focusing and strengthening their respective market monitoring and surveillance activities on the energy derivatives markets. Close cooperation will continue to counter possible threats to market integrity and ensure that any potential signal of market manipulation is followed up and investigated. 

Click on the above link for further information