Initial Margin For Non-Centrally Cleared Swaps: Understanding the Systemic Implications

An analysis of initial margin (IM) requirements for non-centrally cleared OTC derivatives under current regulatory proposals. The IM analysis is based upon data submitted by member firms to the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) joint Working Group on Margining Requirements (WGMR), as part of the WGMR’s Quantitative Impact Study (QIS).

Documents (1) for Initial Margin For Non-Centrally Cleared Swaps: Understanding the Systemic Implications

A Positive Step to Improve the FRTB in the EU

As the Basel III capital reforms are finalized for implementation in key jurisdictions, ISDA is maintaining a laser focus on making sure the rules are robust and risk-appropriate. Simply put, if capital requirements are set disproportionately high, this will have...