“The proposed revisions to the Emir margin rules are a strong step towards the cross-border harmonization of the margin rules. Deliverable forex forwards are exempted from margin under every regulatory regime except for Europe, and these proposed revisions allow for a more consistent cross-border application of the margin rules. If the proposed changes are adopted, our buy side clients will be very happy with this outcome,” adds Chris Bender, director of regulatory advisory at Chatham Financial.
EU Proposals Feed Hopes of Forex Forward VM Relief
EU proposals feed hopes of forex forward VM relief
By Lukas Becker and Nazneen Sherif
November 17, 2017
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