IIF Authors

Status: Will be live at 03/25/2020 17:00

IIF Joins Other Associations In Request To Basel Committee And IOSCO To Suspend Phase-In Of Non-Cleared Margin Requirements

The IIF commended the efforts taken by BCBS and IOSCO to address the challenges of the final phases of non-cleared margin implementation. However, it underscored that the efforts of our members to prepare are severely impacted by the global COVID-19 pandemic and therefore recommended the suspension of the current phase-in timeline to allow members to focus their limited resources on ensuring continued access to the vital derivatives market.