International Swaps and Derivatives Association (ISDA) said it
has found initial margin (IM) requirements for non-centrally
cleared OTC derivatives could harm the financial systems they
are designed to protect, writes Jonathan
conducted an analysis into the requirements under current
regulatory proposals, with the outcome highlighting significant
Pickel, ISDA CEO, said: The irony here is that the margin
rules in current form would increase systemic risk.
ISDA described the analysis as addressing two of the most
important matters facing global regulators and the industry
today, in margin requirements and...