Dealers worry about risk of $500bn overnight liquidity drain
Dealers are concerned that intra-day margin call guidelines, which they claim could drain up to $500 billion from financial markets, could make it into final CPSS/Iosco principles
Dealers are concerned that a principle they claim could drain $500 billion from the financial system overnight will remain in the final set of guidelines for central counterparties (CCPs) and other market infrastructures.
The Committee on Payment and Settlement Systems (CPSS) and technical committee of the International Organization of Securities Commissions (Iosco) published a consultation paper
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