Regulators plan to delay IM ‘big bang’ – market sources
Most see final phase of initial margin rules coming a year later, in September 2021
Market participants expect regulators to announce a one-year delay to the fifth and final phase of the initial margin rules for non-cleared derivatives, which had been due to take effect in September 2020.
Six sources tell Risk.net they have heard that international standard-setters – the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions
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