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Uncleared margin rules to start in some jurisdictions in September

The new rules on the application of variation and initial market on uncleared OTC derivatives will be starting in September in certain jurisdictions, including the US and Japan. However many jurisdictions are delaying the start of the rules, including in Europe. The start of the rules is reported in this article on the Bloomberg website.

The European version of the rules, will eventually cover all financial counterparties and non financial counterparties over the “clearing threshold”. For all but the largest banks, this will first involve variation margin and later initial margin according to a phased timeline going up to 2020.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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