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