Banks could unwind non-compliant derivatives contracts
Banks may be forced to cancel trades with clients executed after 1 March if their collateral agreements had not been re-negotiated.
Tag: variation margin
US agencies provide respite with variation margin changes
Derivatives trading bodies are pushing for US agencies to ease rules on how client cash margin held by banks is calculated as part of their capital exposures.
Buy-side weather VM storm by managing in-house
Buy-side firms managing collateral in-house were able to overcome the 1 March go-live for the variation margin rules.
ESMA stands strong on variation margin rules deadline
EU regulator confirms the 1 March deadline for variation margin rule is still in place, despite the US being given a six-month relief period.
US buy-side given six month relief for derivatives rules
The delay will help ease fears among buy-side firms, many which were reportedly nowhere near ready to comply with the 1 March go-live.
Derivatives industry unite in plea for VM grace period
Several industry associations have called for a ‘transitional period’ to ensure compliance with the incoming variation margin rules.
Buy-side a long-way from meeting VM requirements
Asset managers have barely completed the re-write of collateral exchange agreements for the incoming variation margin rules.