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Mid-year refresh triggers Emir 3.0 authorisation process despite unfinished regulatory standards
The first mid-year recalibration of the standard initial margin model under a new semi-annual regime will trigger a requirement for European firms to submit model validation applications to their regulators – but the rules governing the validation process itself have yet to be written.
Known as version 2.7+2412, the International Swaps and Derivatives Association’s latest iteration of Simm is the first refresh of risk weights under a new approach aimed at improving Simm’s responsiveness by
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