​Derivative margin rules should be adopted with 'consistent' timetables, group says

18 August 2019 9:59am
An influential industry group plans to urge jurisdictions to use similar schedules to carry out international guidance on uncleared swaps margin.

The International Swaps and Derivatives Association praised the one-year extension granted last month by global authorities for initial margin requirements to go into effect for smaller market participants.

"One [ISDA] priority is to encourage national regulators to adopt the BCBS/IOSCO revised implementation schedule consistently across jurisdictions," ISDA Chief Executive Scott O’Malia said yesterday.