EBA has adopted its draft technical standards on capital requirements for central counterparties (CCPs) under EMIR. The Commission now needs to adopt the standards. Capital requirements will have a floor but the final figure will depend on many factors set out in the standards. Although the standards will take the form of a Regulation, EBA has suggested to the Commission that Member States should be able to set higher requirements for CCPs to mitigate risks not covered by EMIR. (Source: EBA Adopts Draft CCP Standards)