Uncleared margin rules could hold back new CSA adoption

Tied up hand

New rules on the margining of uncleared derivatives could hold back adoption of a new standard credit support annex (CSA) if regulators decide to stick with a controversial new haircut meant to minimise foreign exchange risk, some dealers acknowledge.

The haircut requirement appears in the appendix of new proposals on the margining of uncleared derivatives, published on February 15 by the Working Group on Margining Requirements (WGMR) – a body led by the Basel Committee on Banking Supervision

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: