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Buy-side struggling with variation margin - Iosco

24 February 2017

The CFTC delayed implementation of the variation margin deadline to September 1

Read more: Iosco BCBS Basel variation margin FCA CFTC Esma

Buy-side firms and smaller financial institutions will likely struggle to be ready for the introduction on March 1 of rules that require firms to allocate variation margin against their derivatives positions, according to the International Organisation of Securities Commissions (Iosco).

"While the Board recognises that some market participants have been exchanging variation margin on a regular basis for some...