Lack of non-cleared margin rules in Asia sparks dealer concern
Requirements for non-cleared swaps delayed until September 2016 but firms in Asia may still not be ready
A collective sigh of relief was audible in March when the Basel Committee on Banking Supervision (BCBS) delayed the planned introduction of margin rules for non-cleared swaps by nine months, from December 1, 2015 to September 1, 2016; but with the industry pushing for a two-year deferment and final rules not agreed between the major jurisdictions and no draft rules in derivatives hubs such as Hong Kong and Singapore, some dealers are once again expressing concern.
The broadest impact of the
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