US, EU uncleared margin rules ‘impossible’ for Asia
US, EU insistence on next-day variation margin settlement criticised by Apac lenders
US and European regulators' insistence on next-day settlement of variation margin under their implementations of the looming framework for uncleared margin rules will make the rules "practically impossible to meet" for Asia-Pacific banks, according to an executive from Mizuho bank.
"This is an industry-wide concern that affects US and European banks, as well as those in Japan and the rest of Apac. In the case that we can't find a solution we may face market fragmentation and declining liquidity
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