Non-compliant derivatives trades face possible unwind by banks
Banks may be forced to cancel client trades executed after 1 March if their collateral agreements had not been re-negotiated.
Tag: variation margin
US regulators provide relief with variation margin changes
Derivatives trading bodies are pushing for US agencies to ease rules on how client cash margin held by banks is calculated as part of their capital exposures.
ESMA upholds variation margin rules deadline
EU regulator confirms the 1 March deadline for variation margin rule is still in place, despite the US being given a six-month relief period.
CFTC grants six month relief for VM rules
The delay will help ease fears among buy-side firms, many which were reportedly nowhere near ready to comply with the 1 March go-live.
Industry bodies unite in plea for VM grace period
Variation margin rules come into effect on 1 March and several industry associations have called for a ‘transitional period’ to ensure compliance.
Buy-side has much to do before VM compliance
Asset managers have barely completed the re-write of collateral exchange agreements for the incoming variation margin rules.
Soc Gen eases variation margin impact fears
Variation margin requirements come into force in March and Societe Generale has downplayed its potential impact.
ISDA chief in VM rules warning
Delays to variation margin rules could lead to greater cross-border fragmentation.