The European Commission "disappointed" US counterpart by delay to 2017
The European Commission's adoption of
rules that require swap participants to post collateral for
uncleared derivatives from January should pave the way for the
introduction of long-awaited margin rules in March next year,
according to a legal expert.
The Commission adopted on Monday plans to
require the largest swap dealers to start posting collateral
against non-standardised swaps from January which has provided
a platform for the later introduction of rules that force firms
to exchange variation margin on these instruments, according to
Pauline Ashall, derivatives partner at law firm Linklaters.
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