Regulators delayed implementation of the rules until September 1 2016
The International Swaps
and Derivatives Association (Isda) has backed regulators
decision to delay by nine month the implementation of tough new
margin requirements for uncleared derivatives.
The Basel Committee on
Banking Supervision (BCBS) and the International Organisation
of Securities Commissions (Iosco) announced on Wednesday they
were delaying the new rules to September 1 2016.
Isda chief Scott
O’Malia welcomed the decision saying the rules
required significant changes to infrastructure and technology
that firms were working hard to complete, adding it would have
been "all but impossible to complete by the original December
2015 effective date".
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