More flex likely on IM as CFTC committee votes for new waiver

Cash collateral margin capital squeeze compress adobe stock AS 230x150
By Ross Lancaster
21 May 2020

The US Commodity Futures Trading Commission’s global markets advisory committee, a steering group made up of market participants, has recommended that the regulator provide a further six month grace period for compliance with initial margin requirements.

The derivatives industry has already won approval from the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) for one-year extensions to the final two phases of initial margin.

The rules, which in phases five and six require firms with more than €50bn ...

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