Risk on the WGMR rules


Final rules on the margining of uncleared derivatives were published on September 2 by the Working Group on Margining Requirements, a body run jointly by the Basel Committee on Banking Supervision and International Organization of Securities Commissions. The rules essentially require the two-way posting of initial and variation margin by financial and systemically important non-financial institutions, with the initial margin requirements subject to a threshold and a phase-in. The rules have p