Buy-side firms seek ‘urgent’ VM relief

Two-thirds of firms have not signed any CSAs that comply with the new rules

Buy side wants more time to prepare for VM regime

Fund managers have completed less than 10% of the paperwork necessary to begin exchanging variation margin on non-cleared derivatives by March 1, a pair of industry associations are warning.

The asset management arm of Sifma, the US securities industry body, and the IAA, which represents advisory firms, made the claim in a letter sent to global regulators earlier today (January 24), which details the results of a recent survey of their member firms.

According to the trade bodies, the 42 asset

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: