Margin for minnows on hold as phase five pushed out
Regulators are to delay implementing the final phase of rules that would force smaller entities to set aside cash to cover their derivatives positions.
This week, the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions (IOSCO) said they had agreed to delay the final implementation phase of the margin requirements for non-centrally cleared derivatives by a year.In the final stage of implementation, referred to as ‘phase five’, ...
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