FX market reprieve as margin implementation delayed
BCBS-Iosco delay starting gun for variation margin
The Basel Committee on Banking Supervision and the International Organisation of Securities Commissions (BCBS-Iosco) has delayed the implementation of margin requirements for non-centrally cleared derivatives by at least nine months until September 2016, after industry participants voiced concerns over the initial timetable scheduled for December.
The decision means larger institutions such as banks, hedge funds and asset managers, which are likely to exceed the aggregate month-end average
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