Questions remain after final EU uncleared margin rules
Industry gives a positive welcome, but the treatment of non-netting jurisdictions is still uncertain
Final European rules on uncleared derivatives margin have accommodated some industry concerns, but outstanding questions will need to be resolved quickly if banks are to meet their first deadline in September. The treatment of jurisdictions with no legal opinion on the ability to net payments is top of that list of potential hurdles and banks are also fretting about the timeline for posting margin on cross-border trades.
"There are a number of positive elements in the rules compared with the
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