HK margin rules on uncleared swaps should include exemptions, say market participants
Corporates and non-bank financial institutions should be exempted from any margin requirements on uncleared swaps in Hong Kong, say some participants
Hong Kong regulators should include an exemption for corporates and non-bank financial institutions in any margin requirements for uncleared over-the-counter swaps, say some market participants.
In a consultation on the proposed regime for OTC derivatives, which closed on November 30, the Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) said they would consider
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