IMA’s response to ESMA’s consultation on EMIR Technical Standards welcomes recent developments but notes several outstanding concerns. IMA remains concerned about the proposals on margin, collateral, FX, timetable and repapering. It also notes the consultation assumes the principal-to-principal method of trading will continue, but says this may not necessarily always be the case. It asks ESMA to make changes to cater for an agency model.(Source: IMA Responds on EMIR)