Fears rise that Asia will miss March 2017 margin deadline
India, Australia, Singapore and Hong Kong have yet to publish non-cleared margin rules
Concern is mounting among swap dealers that the introduction of universal variation margin (VM) posting on non-cleared over-the-counter swaps in March 2017 may be disrupted by the scant progress made by four Asian countries in implementing non-cleared margin rules.
"We're nearly there with rules for Europe, but we're still waiting on the rules in Hong Kong, Singapore, India and Australia," said Eric Litvack, head of regulatory strategy at Société Générale Corporate and Investment Banking (SGCIB)
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