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.
Derivative margin rules should be adopted with 'consistent' timetables, group says
18 August 2019 9:59am