Dealers rail at 'absurd' EU margin rules
European banks fume after regulators clarify that draft rules would force them to collect margin from non-EU corporates
European banks have reacted with dismay after regulators confirmed they would be expected to collect margin from non-EU corporates when executing uncleared trades – a requirement that does not apply to their rivals, and would also not affect trades with European corporates. Critics argue the draft rules – which are the EU version of internationally agreed standards on compulsory bilateral margining - will result in third-country corporates shunning European banks.
"It is absurd and would
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