International Swaps & Derivatives Association Issues Statement on Swap Margin Requirements
September 18, 2019
September 18, 2019
NEW YORK, Sept. 18 -- The International Swaps and Derivatives Association issued the following statement by CEO Scott O'Malia on the proposed rulemaking on swap margin requirements:
"We welcome the proposed rule, as it reflects a global effort by regulators to make the margin requirements more sensitive to risk, and to align those rules across jurisdictions.
"ISDA analysis showed the number of in-scope firms would have jumped by roughly 20-fold under the orig . . .
"We welcome the proposed rule, as it reflects a global effort by regulators to make the margin requirements more sensitive to risk, and to align those rules across jurisdictions.
"ISDA analysis showed the number of in-scope firms would have jumped by roughly 20-fold under the orig . . .