Banks face "capacity crunch" on margin rules, claims report

Weaker than expected uptake of an ISDA protocol has left banks well behind schedule to meet the March 1 variation margin deadline and facing a “massive capacity crunch in February”, according to a report released on Wednesday.

  • By Dan Alderson
  • 01 Feb 2017
According to legal services firm Axiom’s Pulse Report: The State of Uncleared Margin Reform Remediation, most banks have fallen behind their initial timelines for bringing counterparty relationships into compliance with variation margin requirements. This, said Axiom, is the result of a “confluence of issues”, including delays in ...

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