Tag: Margin Requirements
CFTC blocks its ears to industry wailing over margin rules
Despite industry hand-wringing and earlier indications of flexibility, the CFTC yesterday signalled that it sees little prospect of relaxing its long-standing proposed margin rules. Current practice allows a broker to use one client’s excess margin to cover the shortfall in another’s, allowing clients up to three days to meet a margin call. The proposed rule […]
Non-Cleared Derivatives Margin Rules to be Published Imminently
Risk Magazine is reporting that the International Organization of Securities Commissions (IOSCO) will publish an interim consultation on collateral requirements for non-centrally cleared derivatives within days. The article states that David Wright, Secretary General of IOSCO, also confirmed IOSCO’s goal to have the standards completed by September 2012.