ISDA seeks delay in implementation of derivatives rules

08/21/2014 | Reuters

ISDA has submitted a letter to the Basel Committee on Banking Supervision and the International Organization of Securities Commissions expressing concern about the market's ability to implement margin rules for uncleared swaps by December 2015 because of significant infrastructural changes required of market participants and a significant coordination effort required of global regulators. ISDA proposes that rules become effective two years after they are clarified and finalized and that variation-margin requirements be phased in over time. Read ISDA's letter.

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