Banks facing wider sanctions and tougher enforcement
International banks must exert more care on dollar transactions
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New sanctions on specific companies could trigger CDSs and complicate settlement
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Sanctions have been lifted, but Burma is still high-risk
Standard Chartered and HSBC attract attention for compliance failures
Clause for concern
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.