DBS risk chief calls for wider margining exemption for non-banks

Margining rules for uncleared derivatives will be a drain on liquidity

elbert-pattijn

Non-bank financial institutions (NBFIs) should be included within the margining exemption of global rules governing uncleared derivatives as they don't have readily available assets to post as collateral, according to Elbert Pattijn, chief risk officer at DBS in Singapore.

The proposed margin rules for uncleared derivatives have faced a barrage of criticism from market participants in Asia over consistency issues, technical challenges and an ambitious deadline of December 2015 for meeting the ne

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