Banks may be forced to cancel trades with clients executed after 1 March if their collateral agreements had not been re-negotiated.
Tag: uncleared derivatives
Law firm Linklaters anticipates the rules could come into force by mid November if the EC accelerates implementation.
The regulators have not stated a new implementation date, potential causing conflicts over harmonisation.
O' Malia demands regulators to recognise ISDA's standardised model for calculating margin.