Julius Baer calls for private bank margin rule exemptions

Existing client collateral provision sufficient, says firm

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The Asian arm of Swiss private bank Julius Baer is lobbying Singapore regulators to exempt this group of institutions from margin requirements for non-centrally cleared derivatives transactions that are performed on a "back-to-back" basis. The firm says its clients already post enough collateral with it for other transactions that a specific requirement for derivatives exposures is unnecessary.

Risk.net reported in November that the existing business model for Asian private banks – whereby they

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