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US to EU- the honeymoon is over

Initial Margin rollout initially marginal

Yesterday marked the first test of the WGMR non-cleared margin rules in the US, Canada and Japan. Even with just over 20 banks in the initial phase, market participants were readying themselves for a rocky start to the new regime. They will not have been disappointed, the afternoon saw the CFTC step in with its […]

EC adopts US CCP equivalence