Monday March 11 2019
News Source: Global Exchanges
ISDA has responded to the Basel Committee on Banking Supervision and International Organization of Securities Commissions (BCBS / IOSCO) regarding the final implementation phases of the margin requirements for non-centrally cleared derivatives.
ISDA noted that regulators have recognised the challenges posted by the phase-five implementation for initial margin requirements. However, ISDA believes that the best solution is to lift the phase-five compliance threshold, in order to create certainty and reduce operational complexity for smaller firms, without compromising on safety and soundness. For further information please click on the link above.