EUROPE: Updated ESMA Q and A on Risk Measurement and Calculation of Global Exposure and Counterparty Risk for UCITS

Thursday December 19 2013

The European Securities and Markets Authority (ESMA) has published an updated Questions and Answers document on Risk Measurement and Calculation of Global Exposure and Counterparty Risk for UCITS.

The document contains a new Question 5 on the calculation of counterparty risk for exchange-traded derivatives and centrally-cleared OTC transactions.

Click on the above link for more details.