Tag: BCBS
ISDA to Develop Standard Model for Margining Non-Cleared Trades…
…but refuses to take a standing count in the fight over initial margin. This is a link to an article in Risk Magazine which confirms that, despite its continued in-principle opposition to the initial margin proposals contained within the Working Group on Margin Requirement’s (WGMR) consultation paper on “Margin requirements for non-centrally cleared derivatives”, ISDA […]
Non-cleared Derivatives Margin Rules could force re-think of SCSA
Here is a link to an interesting article in Risk Magazine regarding the potential impact of the “near final” BCBS/IOSCO margin rules for non-cleared derivatives (the “BCBS/IOSCO Rules”) on the adoption of ISDA’s standard credit support annex (SCSA). The BCBS/IOSCO consultation paper which includes the “near final” rules was published on 15 February 2013 (see […]
Basel Guidance Reinforces the Need to Fully Document FX Transactions
On 15 February 2013, the Basel Committee on Banking Supervision (BCBS), part of the Bank for International Settlements (BIS) published finalised supervisory guidance for managing risk associated with the settlement of foreign exchange (FX) transactions. The guidance, which replaces similar rules published in September 2000[1], is to be implemented by banks and national supervisors, taking […]
Prepare to Dust Off Those CSAs…BCBS/IOSCO Publish “Near Final” Margin Rules for Non-Cleared Derivatives
Introduction On 15 February 2013, The Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) published a second consultative paper, representing “near-final” margin requirements for non-centrally cleared derivatives. The BIS/IOSCO proposals focus on 8 key principles, as detailed below. Comments on limited aspects of the consultation paper are sought by […]