Tag: Margin
EMIR: The Devil in the Detail
An interesting article from Risk magazine noting one of the inconsistencies thrown up by the EU’s interpretation of the rules on the margining of non-cleared derivatives trades, published on 14 April 2014 (see this blog post for more detail). The draft EU rules require “EU entities to collect margin…regardless of whether they are facing EU […]
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.
Margin Rules for Non-Cleared Derivatives Delayed Again
Any hopes of seeing a global standard with respect to the margining of non-cleared derivatives in the near future seem to have been dashed. Risk reports that the group tasked with drafting the rules, the Working Group on Margining Requirements (a joint working group of the Basel Committee on Banking Supervision and the International Organization […]