Isda faces member backlash on margin lobbying

Working groups were not consulted over Isda-funded paper that could threaten industry’s Simm

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The paper focuses on the appropriate margin period of risk for calculating initial margin

The International Swaps and Derivatives Association is trying to contain a member backlash following its publication of an academic paper that calls for a rethink of the way initial margin is calculated under new rules for non-cleared derivatives.

If the paper’s recommendations were followed, it would jeopardise the industry’s Standard Initial Margin Model, banks claim – a project led by Isda itself in the run-up to the start of the non-cleared margining regime in 2016. Those involved in the

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