US vs EU CCP scrap may be settled by margin study

Isda AGM: analysis aims to end wrangle over merits of 1-day and 2-day margin rules

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MEP Kay Swinburne
Photo: PA Wire/Press Association Images

European and US regulators are in the final stages of a risk assessment to determine the relative cost to market participants of clearing futures under the EU's two-day net margin requirement and the one-day gross margin approach in place in the US. That difference has been the sticking point in a drawn-out fight between the jurisdictions, which has prevented CME Group being authorised by European regulators.

Speaking with Risk on the sidelines of the International Swaps and Derivatives

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