Risk on the WGMR rules
The WGMR published its final rules on uncleared margin on September 2. Nick Sawyer and Matt Cameron discuss the implications
Final rules on the margining of uncleared derivatives were published on September 2 by the Working Group on Margining Requirements, a body run jointly by the Basel Committee on Banking Supervision and International Organization of Securities Commissions.
The rules essentially require the two-way posting of initial and variation margin by financial and systemically important non-financial institutions, with the initial margin requirements subject to a threshold and a phase-in.
The rules have
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