Key recommendations of the Joint Energy Associations Group to achieve EMIR 3.0 goals for resilient markets

JEAG welcomes the improvements endorsed by the EU legislators to the clearing thresholds calculation, the transparency and predictability of margin calls, and the extension of eligible collateral to (uncollateralised) commercial bank guarantees under the European Market Infrastructure Regulation (EMIR 3.0).

The European Securities and Markets Authority (ESMA) Level 2 measures need to give full effect to these EMIR 3.0 improvements. This is necessary to maintain liquid, competitive, independent and efficient EU energy markets which are key to ensure an affordable, secure and sustainable energy supply.