Variation margin, the SLR and the transatlantic insurance deal

The week on, February 24-March 2, 2017

  VARIATION MARGIN guidance causes chaos SLR reducing stability in US repo markets EU INSURANCE DEAL divides US   COMMENTARY:  A bad start for VM rules March 1, the first day of trading under the new variation margin (VM) regime, did not go well. The “slow-motion train crash” anticipated by the financial industry for months finally arrived, and last-minute efforts by regulators around the world to stave it off did not succeed in preventing a chaotic day of trading. It’s