ISDA Comment Paddling Hard for Margin Implementation
ISDA.org –This past month in derivatives markets has felt a bit duck-on-a-pond-like. On the surface, it all looks calm, the duck is serenely gliding along, with nothing more than the occasional quack to break the silence. Under the water, though, its webbed feet are paddling furiously. So it is with the derivatives market, as the largest banks prepare for the start of non-cleared margining rules from September 1.
A couple of articles have recently picked up on the all-out effort to prepare for the rules – this one from Bloomberg, and this one from Risk…
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