Another deadline in the global roll-out of derivatives margining rules; another game of who-blinks-first.
With 10 working days until the exchange of variation margin becomes mandatory for non-cleared trades, banks and other market participants claim only a fraction of the thousands of affected firms will be able to meet the March 1 deadline. They want to see a postponement of the rules or a period of forbearance in which breaches are not punished.
For the most part, regulators are holding the
The week on Risk.net, June 16–22, 2017Receive this by email