BCBS

Consultation on initial margin for non-cleared swaps sees pensions focus on preventing re-hypothecation, bringing inflation under same regime as interest rate swaps and raising threshold above €8bn

Industry lobby calls for BCBS to loosen requirements on direct clearing member banks

Swaps and Derivatives Association calls for clearing brokers to be given right to act as principal and urges BCBS IOSCO to look again at initial margin rules