Isda faces member backlash on margin lobbying

Working groups were not consulted over Isda-funded paper that could threaten industry’s Simm

The paper focuses on the appropriate margin period of risk for calculating initial margin

The International Swaps and Derivatives Association is trying to contain a member backlash following its publication of an academic paper that calls for a rethink of the way initial margin is calculated under new rules for non-cleared derivatives.

If the paper’s recommendations were followed, it would jeopardise the industry’s Standard Initial Margin Model, banks claim – a project led by Isda itself in the run-up to the start of the non-cleared margining regime in 2016. Those involved in the