DBS risk chief calls for wider margining exemption for non-banks
Non-bank financial institutions in Asia will stop hedging if they are required to post margin for their uncleared derivatives trades
Non-bank financial institutions (NBFIs) should be included within the margining exemption of global rules governing uncleared derivatives as they don't have readily available assets to post as collateral, according to Elbert Pattijn, chief risk officer at DBS in Singapore.
The proposed margin rules for uncleared derivatives have faced a barrage of criticism from market participants in Asia over consistency issues, technical challenges and an ambitious deadline of December 2015 for meeting the
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