Swaps users that would have been required to post collateral against certain derivative transactions by September have seen a one-year deferral to the start date, following a call from major industry associations. The Basel Committee on Banking Supervision and the International Organization of Securities Commissions said in a statement today (see
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.