Delay to IM calculation window leaves some exasperated
“Hasty” decision by global rule-makers frustrates firms that had already started initial margin prep
The decision to delay the threshold calculation period for the fifth phase of the non-cleared margin rules has left some firms complaining that preparatory work may need to be redone and others warning of operational overload next year.
The shift accompanies a delay of phases five and six of initial margin rules, which will sweep hundreds of buy-side firms into scope.
“From the dealer’s point of view, we’re well into negotiations with phase five firms, and I think that both the dealers and the
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