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Japan holds firm on VM deadline as Fed tracks progress
JFSA says no “strong reason” for delay; Bafin and Fed monitor developments
![JFSA office JFSA office](/sites/default/files/styles/landscape_750_463/public/import/IMG/188/345188/jfsa-offices-2-web-580x358.jpeg.webp?itok=VDX6MpV4)
Another deadline in the global roll-out of derivatives margining rules; another game of who-blinks-first.
With 10 working days until the exchange of variation margin becomes mandatory for non-cleared trades, banks and other market participants claim only a fraction of the thousands of affected firms will be able to meet the March 1 deadline. They want to see a postponement of the rules or a period of forbearance in which breaches are not punished.
For the most part, regulators are holding the
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