A majority of swaps participants believe the market is behind schedule for the remaining phases of incoming margining rules, according to a new survey. Respondents saw greater standardisation as the biggest aid to compliance – a solution that has proved elusive to date.
There were more than 900 respondents to the International Swaps and Derivatives Association survey, with 49.1% saying the industry was behind schedule. A further 8.4% said readiness was “little to none”. Less than a third saw