Working Group on Margining Requirements (WGMR)
Cash collateral escapes haircut and third-country corporates get a carve-out
Secretive group disbanded after dealers realised tech firms had similar plans
Goldman-led dealer consortium stepped aside for middleware and tech firms
More Working Group on Margining Requirements (WGMR) articles
Isda AGM: Hedge fund plans to share non-cleared swaps around to reduce trading costs
US regime differs on currency, threshold, eligible collateral and non-financials
Collateral transformation facilities being lined up but are not being used
Sponsored survey analysis: IBM
European regulators confirm haircut will apply to both initial and variation margin
Corporates lag other participants; less than a third collateralising
Future crisis could see non-cleared swap margin double, says Goldman exec
Industry would struggle to hedge risk following a dealer default, says Goldman's Frankel
Approach would be twice as efficient as planned uncleared margin regime, dealers claim
Dividing the over-the-counter market into cleared and uncleared products creates extra risk and inefficiency, critics claim – it also creates an opportunity for services that can repair the damage...
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