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Trade bodies wary of variation margin

08 February 2017

Trade bodies have asked international regulators for leniency over VM rules

Read more: Isda variation margin

A group of trade bodies has warned regulators of the negative effects of the variation margin rules set to take effect in March and called on the authorities for leniency in how the rules are applied.

Seven financial trade bodies, including the International Swaps and Derivatives Association and the Global Financial Markets Association, have written to twenty regulators, including the Commodity Futures Trading Commission and the Financial Conduct Authority, to request...