Lack of non-cleared margin rules in Asia sparks dealer concern
Requirements for non-cleared swaps delayed until September 2016 but firms in Asia may still not be ready
A collective sigh of relief was audible in March when the Basel Committee on Banking Supervision (BCBS) delayed the planned introduction of margin rules for non-cleared swaps by nine months, from December 1, 2015 to September 1, 2016; but with the industry pushing for a two-year deferment and final rules not agreed between the major jurisdictions and no draft rules in derivatives hubs such as Hong
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