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Uncollateralized bank guarantees, public guarantees allowed as clearing collateral for one year, ESMA says

( October 14, 2022, 15:29 GMT | Official Statement) -- MLex Summary: The European Securities and Markets Authority has published draft regulatory technical standards that temporarily expand the eligible collateral for non-financial counterparties. For one year, non-financial counterparties can use uncollateralized bank guarantees as collateral in clearing, and all types of counterparties can use public guarantees. The standards will now be scrutinized by the European Commission, Parliament and Council.Statement follows. Report attached. ...

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