Dealers seek clarity on buy-side IM relief
Hundreds of buy-side firms may still need to calculate margin and get models approved
The volume has been turned down on the initial margin ‘big bang’ after two global regulatory bodies lifted hundreds of buy-side firms from the documentation burden. Now, the derivatives industry is seeking clarity over the compliance requirements for an estimated 800 firms, which may still be required to calculate margin they will never need to post and seek regulatory approval for the use of
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