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Just six banks caught by phase two of IM regime

Four EU, one Japanese and one Australian bank to start posting initial margin on non-cleared trades from September

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Compression has helped some firms avoid being in scope for the next phase of the margin rules

Just six banking groups will start posting initial margin on new non-cleared derivatives trades from September, Risk.net has learned – a group with some notable absentees. The deadline marks the start of the margining regime's second phase; the market's largest dealers became subject to the rules last year.

Sources at ANZ, Danske Bank, ING and Nordea have confirmed they will be caught by the

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