This whitepaper examines the Regulatory Technical Standards (RTS) for Initial Margin Model Validation (IMMV) under the European Market Infrastructure Regulation (EMIR), which governs how financial institutions manage and validate initial margin models for uncleared derivatives. As regulatory requirements continue to evolve, firms must maintain strong compliance practices and stay aligned with industry standards to avoid operational, financial, and regulatory risks. The report provides an overview of uncleared margin rules, draft RTS requirements, and the processes used to validate margin models, including static and dynamic backtesting methodologies. It also discusses model governance structures, validation controls, and oversight mechanisms required to ensure model accuracy and reliabilit

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