The IAA has joined other trade associations in an August 5 letter to the CFTC supporting its May 28 adoption of an interim final rule and issuance of a proposed rule delaying implementation dates related to initial margin requirements (IM) for uncleared swaps for swap dealers and major swap participants.
The BCBS and IOSCO have extended the deadline for completing the final two implementation phases of the initial margin requirements for non-centrally cleared derivatives.
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