O'Malia: US margin splits ‘very difficult’ for OTC market

Isda CEO criticises clashing rules on bilateral margin

cracked-us-flag
Isda "remains hopeful" US divisions can be resolved

US regulators have put dealers in "a very difficult position", according to Scott O'Malia, chief executive of the International Swaps and Derivatives Association, by diverging from each other on bilateral margin rules and splitting from their foreign counterparts.

"It's extraordinarily difficult," O'Malia told reporters at Isda's annual European conference in London today (September 22). "You can't necessarily comply with two different regulations at once, so we've asked for a substituted

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here