US regulators favour September margin deadline

September 1 rollout threatens bilateral swap-trading chasm between EU and US

No U-turn sign
No U-turns: lobbyists fear the disparity will drive counterparties to trade with uncollateralised EU dealers

US prudential regulators are leaning towards adhering to the September 1 implementation date to introduce posting of margin against non-cleared swap trades executed with the largest US banks.

A source familiar with the thinking at US prudential regulators says the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency currently intend to implement their rules – mandating the exchange of initial and variation margin on non-cleared swaps

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 [email protected] to find out more.

To continue reading...

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: