WGMR margin rules borrow heavily from US proposals
Working group publishes proposed margin rules for uncleared trades – bringing global rules in line with an earlier US proposal
The development of a global set of margin requirements for uncleared derivatives trades took a step closer last week, when a working group comprising four different international regulators published its initial consultation paper. It leans heavily on margin rules proposed by US prudential regulators in April 2011, which may mean US banks are able to compete overseas on a level playing field, but
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