Eight months needed for smooth Asia variation margin roll-out

time-and-business-shutterstock — Ready, set, go: one of the biggest lessons from September 1 is it takes time to test everything

- By Scott O'Malia
- 19 Oct 2016

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Scott O'Malia is chief executive officer of the International Swaps and Derivatives Association

New margin rules for non-cleared derivatives took effect in Canada, Japan and the US on September 1, requiring 20 or so banks to start exchanging initial (IM) and variation margin (VM). Still ahead is phase-one implementation in the EU and across Asia-Pacific. The lessons learned to date have important implications as regulators and market participants prepare for this and another key deadline: the

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