Banks rush to comply with new margin regs
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Derivatives

Banks rush to comply with new margin regs

Tim Massad CFTC Jacob Lew US Treasury Secretary PA 230x150

A requirement looming next week for major banks in the US to begin posting initial margin on uncleared swaps has prompted a chaotic scramble to comply with the deadline, said observers, while also elevating concerns about the preparedness of the rest of the market to meet future mandates. Dan Alderson reports.

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