BCBS and IOSCO warn on IM, address Ibor complication

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By GlobalCapital
05 Mar 2019

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) issued a joint statement on Tuesday, warning market participants about their obligations on new margin requirements for non-centrally cleared derivatives.

BCBS and IOSCO acknowledged that the remaining phases of the framework’s implementation in 2019 and 2020 meant initial margin requirements would apply to numerous firms for the first time. They also warned that counterparties would need to be closely monitoring exposures that approach phase four and five thresholds ...

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