Initial margin to significantly impact development of Asian derivatives markets: Asifma

mark-austen
Mark Austen, Asifma

Regulators should refrain from imposing initial margin on derivatives transactions in Asia in order to promote development of derivatives markets in the region, according to Mark Austen, chief executive of the Asian Securities Industry and Financial Markets Association (Asifma). Asifma outlined a way forward to developing Asian capital markets in a white paper released on November 22. The paper states regulatory reform and consistency across asset classes is needed alongside a bigger voice fo