Industry warns on margin timeline

摘要

Proposed margin requirements for uncleared swaps have been set out with an untenable compliance timeline that will lead to a proliferation of market disputes due to a lack of consistency on margin calculations, warn industry participants. Speaking on a panel at ISDA's 2014 North American Conference in New York last week, banking executives agreed that the current timeline would not be met if the agenda is not revised, and warned of the possible effects of banks rushing to gain regulatory approval for proprietary models before coming to industry agreement.