Giancarlo: March VM deadline is ‘massive challenge’

CFTC commissioner calls on regulators to address buy-side concerns if needed

christopher-giancarlo-33

The March deadline for swaps market participants to start posting variation margin (VM) will pose a "massive challenge", according to J. Christopher Giancarlo, commissioner at the US Commodity Futures Trading Commission. Giancarlo said the deadline is "unrealistic" and called on fellow regulators to ease the transition.

Starting in March, most participants in non-cleared derivatives markets must start posting VM. There are fears smaller buy-side firms will not be prepared to comply with the

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: