The European Banking Authority (EBA) is consulting on a reporting framework to support validation and monitoring of initial margin models using the ISDA Standard Initial Margin Model (SIMM). The proposal aims to provide the EBA with necessary information to fulfill its role as central validator under EMIR while ensuring proportionality. The consultation period ends on 2 November 2026. Reporting requirements will collect consistent data on model usage and performance, enabling fee calculations and oversight. The framework includes lighter obligations for entities with lower OTC trading activity, requiring annual reporting only. The EBA plans to adopt a decision by year-end 2026, with the first reporting reference date set for December 2027. Data collection will begin in Q1 2028, integrated into EBA technical package version 4.4. Comments can be submitted via the EBA consultation page.
© European Banking Authority.
Summary adapted from material on the EBA website (https://www.eba.europa.eu ).
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.