Delay US non-cleared margin rules, industry tells Congress

“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy

Transatlantic teaser: European delay to non-cleared margin rules may handicap US banks

Market participants are calling on US regulators to postpone new margin requirements for non-cleared derivatives after the European Commission (EC) delayed the implementation date of its rules until mid-2017.

At a hearing before the House Committee on Agriculture earlier today (June 14), banks, clearing houses and buy-side firms warned that sticking to the September 1 deadline for large US banks to start posting initial margin on non-cleared swap trades would damage US competitiveness.

"We are

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: