Trade bodies including Isda asked regulators for a transition period last week
The US Commodity Futures Trading
Commission has given the market an extra six months to comply
with the new variation margin requirements.
The regulator issued late Monday a
time-limited no-action letter stating that, though the deadline
for compliance with the variation margin rules is still March
1, the swaps regulator will not enforce action against swap
dealers for failure to comply with the requirements until after
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